Source: New York Post
San Francisco homeowners are facing a double-edged sword with the city’s transit system. Either they pay a property tax to fund the transit system, or they watch their home values fall due to reduced service. Muni, the transit service of the San Francisco Municipal Transportation Agency (SFMTA), is staring down a “fiscal cliff” after pandemic-era federal relief funding ran out this year in July, and the city is trying to save the transit system by taxing homeowners.
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