SF Prop M (2024)

San Francisco's business tax overhaul from November 2024 is now at the center of a heated fight over the city's economic future, as a proposed "CEO Tax" would hike the Administrative Office Tax by up to 800% on companies with high pay ratios. Proponents call it corporate accountability; critics say it's a job-killer disguised with populist branding—and the stakes are high with SF now the *only* major tech hub in America with growing startup formation. Whether the city capitalizes on its AI boom or drives companies out may hinge on how this tax battle plays out.