Unions and Community Organizations Unite to Collect Signatures for the "Overpaid CEO Act"

Campaign Launch: Volunteers from various unions and community organizations are starting a signature drive on December 6 to qualify the "Overpaid CEO Act" for the June 2026 ballot, aimed at protecting San Francisco's public services from federal budget cuts proposed by the Trump Administration.

Impact of Proposed Cuts: The Trump Administration's "One Big Beautiful Bill Act" could potentially reduce San Francisco's budget by $400 million, affecting healthcare, education, and safety net services, prompting local leaders to take action.

Details of the Overpaid CEO Act: The proposed measure would impose a surcharge on large corporations whose executives earn over 100 times the median worker salary, generating an estimated $200 million annually for public services without taxing small businesses or families.

Broad Support: The initiative has garnered endorsements from numerous local officials and organizations, highlighting a collective effort to ensure adequate funding for mental health programs, public hospitals, and emergency services in San Francisco.