Mental Health SF could be paid for with a new gross receipts tax on companies that pay their CEOs upward of 100 times more than the median compensation paid to employees. (Photo: Shutterstock)

A daring measure to provide mental health care to any San Francisco resident will be offered to the city’s Board of Supervisors next week and to voters in November.

As reported by the San Francisco Chronicle, the offering, Mental Health SF, could be paid for with a new gross receipts tax on those companies that pay their CEOs upward of 100 times more than the median compensation paid to employees. That measure would also need voter approval, but while the mental health care plan only needs a simple majority, the tax will require a two-thirds majority to become fact.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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