Finally, it’s important to note local and state ballot measures that will have varying impacts on San Francisco’s infrastructure. This largely depends on how the funds can be used and their availability. Note that municipal G.O. bonds are described in the Introduction rather than this section. 

City revenue measures passed in the past two years include the following:

Proposition M (November 2024)

This measure reformed the City's business tax structure by delaying previously scheduled tax increases and restructuring tax rates. It aimed to provide immediate tax relief to small businesses and certain sectors, with planned rate increases in 2027 and 2028 to offset initial revenue reductions. The measure is projected to generate approximately $50 million in additional annual revenue after fiscal year 2029–2030. 

Proposition C (March 2024)

This measure provided a transfer tax exemption for the first-time conversion of commercial properties into residential use. It was part of broader efforts to address housing shortages by incentivizing the transformation of underutilized commercial spaces into housing units. 

Proposition I (November 2020)

This measure doubled the transfer tax rate for property sales of at least $10 million, with the highest tier now at 6%. The revenue was intended for rent relief and affordable housing initiatives. Between January 2021 and March 2024, it raised $324 million, with over $203 million allocated to new affordable housing projects and emergency rent relief.

State of California revenue measures include the following:

Proposition 1 (March 2024)

This measure authorized the issuance of $6.38 billion in bonds to fund housing for veterans and homeless individuals, as well as to provide additional behavioral health services. It also reallocated approximately $140 million annually from existing tax revenues for mental health and addiction care from counties to the state.

Proposition 2 (November 2024)

This proposition approved $10 billion in general obligation bonds to repair and upgrade facilities at K-12 public schools and community colleges, including charter schools. The funds are designated for new facilities, health and safety improvements, and classroom upgrades.

Proposition 4 (November 2024)

This measure authorized $10 billion in general obligation bonds for water infrastructure, wildfire prevention, and the protection of communities and natural lands from climate risks.