SF Prop M (2024)

San Francisco's business tax overhaul, passed as Prop M in November 2024, is now at the center of a fierce fight over the city's economic future. Critics say a proposed "CEO Tax" being floated at City Hall would effectively impose an 800% hike on the Administrative Office Tax, threatening to undermine the city's position as the only major tech hub in the country with *growing* startup formation—up 24% since 2022 while rivals like Austin and NYC have cratered. With the Bay Area capturing 40% of early-stage venture dollars and the AI boom accelerating, the stakes for getting business tax policy right have never been higher.