News

Donors fill coffers of Measure K campaign to extend sales tax

 

Donations have poured in to support Measure K, a 20-year extension of the 10-year half-cent sales tax approved by San Mateo County voters in 2012.

Campaign finance reports on file with the county Elections Office show $785,000 in donations since the end of August.

The highest were $300,000 from the Seton Medical Center in Daly City, $200,000 from the Chan Zuckerberg Initiative -- a fund headed up by Facebook CEO Marc Zuckerberg and Priscilla Chan -- $60,000 from MidPen Housing Corp. in Foster City, $50,000 from Facebook in Menlo Park and $40,000 from Bridge Housing Corp. in San Francisco.

On the ballot, Measure K's spending priorities for its anticipated $85 million a year in tax revenues start with housing for "seniors, people with disabilities, veterans and families." Other priorities: enhancing public transit, combating human trafficking and addressing sea level rise.

County supervisors have positioned themselves as supporting Measure K as a reliable income stream to reassure lenders were the county to borrow money for affordable housing from the bond market.

But County Counsel John Beiers said in an email that while projects for "core county facilities" are common in the bond market, affordable housing may not be in the same category. It's a complex issue that requires consultation with the county's bond counsel and financial consultants, he said.

Go to tinyurl.com/WY677, enter the letter "k" and go to Page 5 of the results for more information about Measure K campaign finance reports.

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Dave Boyce

Comments

9 people like this
Posted by Vote NO on Prop K
a resident of Woodside: other
on Oct 26, 2016 at 12:46 pm


Of all of the political ads that I've received in the mail this month, I've found that PROPOSITION K's are the MOST DISHONEST.

Particularly IRKING is Prop K's claim that it WON'T RAISE TAXES. The is untrue. If passed, Prop K will raise the San Mateo sales tax rate by 0.5% for the years 2023-2043. That's a big chunk of money.

Be Smart.
Be Wise.
Vote NO on Prop K.




9 people like this
Posted by Michael G. Stogner
a resident of another community
on Oct 26, 2016 at 12:59 pm

Measure K is a 20 extension of a Dishonest Measure A of 2012. The San Mateo County Grand Jury said the the County Leaders misled the VOTERS to get it passed. They LIED to the VOTERS be claiming they had a deficit and children services would be cut. It turns out they had a SURPLUS for the previous 10 years.

Seton Medical funded and staffed the YES on Measure A campaign to the tune of $1.3M and have received $25.9M in return for their investment through June 2015. Seton Medicial has donated $400,000 to the Yes on Measure K campaign.

Don't reward Dishonest Elected Officials.

VOTE NO on Measure K.


7 people like this
Posted by Srini
a resident of another community
on Oct 26, 2016 at 1:16 pm

Let's assume for a minute that the current .05 tax was a good idea (it's not, but humor me here). There is still 7 years left on that program. Why extend it now? Never mind, I'll answer that for you. The big $$$ supporters are afraid that, if we wait until it gets close to the end of that 10 year period before they vote on an extension, everybody will see what a failure and fraud this whole was in the first place, and will vote it down (as we should!). By voting on it now, they can try to sell a bill of goods to the mostly naive voting public, who just reads the carefully crafted headlines of these useless propositions. Vote NO on K!


1 person likes this
Posted by Bob
a resident of Portola Valley: Brookside Park
on Oct 26, 2016 at 3:16 pm

One half of one cent! Wow. To those claims that it is a new tax---we have the tax now, it is just being extended so those who need stability in funding can make fiscal plans. Do those opposed think infrastructure fixes itself? Come on people, taxes are the price we pay for a civilized society.


5 people like this
Posted by Apple
a resident of Atherton: other
on Oct 26, 2016 at 4:22 pm

Sales taxes are extremely regressive. The poor pay a higher percentage of their income on sales tax than the rich do.

I find it ironic that a billionaire who doesn't live in the county is pushing to raise taxes that strain the poor.


4 people like this
Posted by Menlo Voter.
a resident of Menlo Park: other
on Oct 26, 2016 at 5:24 pm

Menlo Voter. is a registered user.

Bob:

yes, we already have the tax. The problem is it's unnecessary and it was unnecessary when the county supes lied to us and told us it was. A tax we don't need doesn't need to be extended.


Sorry, but further commenting on this topic has been closed.

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