Simple: we’ll ask South City’s biggest commercial property owners to pay their fair share.
Preschool for All can be entirely funded through a modest parcel tax ($2.50/square foot) on the largest commercial parcels in town (25,000+ square feet), the majority of which are big biotech companies.
Measure DD will raise tens of millions of dollars in new revenue that will go to a dedicated Early Care and Education for All Fund. This fund will be used only for the universal preschool program, which will be directly administered by the City with civilian oversight and full public transparency.
The City of South San Francisco’s tax expert says that, once commercial office buildings in the pipeline are completed, Measure DD will raise $68 million dollars annually, with a projected surplus. And if there’s ever a shortage of funds, families who are low-income will be be first in line.