San Francisco Voters Poised To Defeat Expanded Overpaid CEO Tax
San Francisco voters appeared to reject Proposition D on Monday, June 8, 2026, with updated returns showing about 53.6% opposed and just over 46% in favor.[1]
A city analysis estimated the measure would raise $250-$300 million in additional annual revenue but lead to a loss of about 940 jobs in San Francisco.[1] Mayor Daniel Lurie opposed the measure, and tech figures Sergey Brin and Tony Xu each spent hundreds of thousands of dollars to help defeat it.[1]
Proposition D sought to expand San Francisco's 2020 tax on firms whose executives earn more than 100 times the median employee pay by using companywide global median pay and increasing rates.[1]
The vote ends a high-profile local fight over taxing concentrated executive pay and will shape debates over how San Francisco funds services and housing programs in coming years.
Show source details & analysis (1 source)
📌 Key Facts
- On Monday, June 8, 2026, updated returns showed about 53.6% of San Francisco voters opposing Proposition D and just over 46% supporting it.
- Proposition D sought to expand San Francisco’s existing 2020 tax on firms whose executives earn more than 100 times median employee pay by using companywide global median pay and increasing rates.
- A city analysis estimated the measure would raise $250–$300 million in additional annual revenue but lead to a loss of about 940 jobs in San Francisco.
- Mayor Daniel Lurie opposed the measure, while tech figures Sergey Brin and Tony Xu each spent hundreds of thousands of dollars to help defeat it.
📰 Source Timeline (1)
Follow how coverage of this story developed over time