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It is the intent of the voters of the City and County of San Francisco that one million dollars ($1,000,000.00), derived from tax proceeds designated by the taxpayers pursuant to Section 1031, shall be deposited annually in the Neighborhood Beautification and Graffiti Clean-up Fund. The Controller shall annually adjust this figure for inflation to reflect changes in the most recently available U.S. Bureau of Labor Statistics Consumer Price Index for all Urban Consumers for the San Francisco-Oakland-San José Metropolitan Area, or its successor index.
(Added by Proposition D, 6/5/90)
For each tax year after 1990, the Controller shall determine the amount of fund revenues actually generated in the prior year, including the interest thereon and the balance, if any, remaining at the close of the tax year. On the basis of the prior year's experience of taxpayer contributions and total revenues generated by the payroll expense and business taxes, the Controller shall calculate a percentage ceiling of total tax liability which taxpayers may designate for deposit in the fund the following tax year. The Controller shall set the percentage ceiling so that the revenues produced thereby are most likely to generate a total of one million dollars (adjusted for inflation) in the fund for the forthcoming tax year. The Controller shall transmit his or her calculation to the Board of Supervisors, which shall adopt a new tax designation ceiling, if necessary, in advance of the tax year to enable the Tax Collector to perform his or her collection duties.
(Added by Proposition D, 6/5/90)
If any section, subsection, subdivision, paragraph, sentence, clause or phrase of this initiative ordinance or any part thereof is for any reason held to be unconstitutional or invalid or ineffective by any court of competent jurisdiction, such decision shall not affect the validity or effectiveness of the remaining portions of this initiative ordinance or any part thereof. The People of the City and County of San Francisco hereby declare that it would have passed each section, subsection, subdivision, paragraph, sentence, clause or phrase thereof irrespective of the fact that any one or more sections, subsections, subdivisions, paragraphs, sentences, clauses or phrases be declared unconstitutional or invalid or ineffective. In addition, the voters declare their intention that should any portion of this initiative ordinance or all of it be declared invalid in whole or in part, such invalidity shall have no effect upon the continued validity of the Payroll Expense Tax and Business Tax.
(Added by Proposition D, 6/5/90)