Your City Hall just dropped a massive tax cut.
Okay so, City Hall just released a statement about the "BUILD Act," and it's pretty wild. This thing is being called a "big tax cut for the wealthy" — and they’re just being honest about it, which is something. This isn't some quiet committee meeting in a backroom; it's a direct admission from the City's own media releases, issued Monday morning at 11:00 AM. They're not even trying to spin it as a benefit for everyone.
### What's Happening
From what we're seeing, this isn't about helping small businesses on Clement Street or keeping your favorite taqueria in the Mission open. It's targeted.
* The "BUILD Act" is explicitly framed as a tax cut. * The City's press release identifies the beneficiaries as "the wealthy." * This statement came out May 25, 2026, which is today, fam.
This kind of transparency, even if it's kinda blunt, is something to watch. Usually, they'd bury this in a thousand pages of legislative jargon. But no, this is straight up. It makes you wonder what kind of deal got cut and who is really pushing this.
This could mean a real shift in how the City funds vital services, or how it deals with the housing crisis, especially if tax revenue takes a hit. Keep an eye on the budget debates coming up.
That's the City, fam — fog, hills, and all.
Vivian Leung, MiTL Sports Desk, San Francisco.
Want to know how this affects your rent? Tune in to the morning show at mornings.live for the full breakdown.