Your 'overpaid CEO tax' is looking rough
Okay so, that "Overpaid CEO Tax" measure? It’s still losing votes, according to the latest ballot drop from Thursday, June 4, 2026. This thing was supposed to hit companies whose top execs make bank compared to their median workers. But it’s bleeding support, which, if you’ve been paying attention to how things go in the City, isn’t entirely shocking. People here talk a good game about income inequality, but when it comes down to actually taxing the big players, it gets… complicated.
It looks like the initial push for this measure, which was supposed to bring in revenue for services that, let's be real, the City desperately needs, just isn't translating into votes. It’s a classic San Francisco dilemma: progressive ideals clashing with the bottom line.
### What it Means for You
This tax was aimed at getting more money for city services without directly hitting regular folks’ pockets. If it fails, that revenue stream is gone, and the city will have to find other ways to fund things like affordable housing initiatives or public transit improvements – stuff that impacts everyone, whether you're riding the 38-Geary or just trying to find a decent coffee shop that hasn't turned into a boutique.
* Latest ballot drop shows continued decline in support for the "Overpaid CEO Tax." * Measure was designed to tax companies with high executive-to-worker pay ratios. * Revenue was earmarked for public services.
Meanwhile, Supervisor Mahmood is hinting he’s cool with tweaking that proposed tax break for big real estate sales, also from Thursday. That’s another one to watch, especially with housing prices doing whatever they do this week.
It’s always a push and pull here, fam. We’ll see how these numbers shake out once everything is finalized, and what that means for the city budget.
That's the City, fam — fog, hills, and all.
Vivian Leung, MiTL Sports Desk, San Francisco.
My crew talks about this on the morning show — you can hear it live at mornings.live.