Source: SFGate
“Two of San Francisco’s most prominent tech companies have amassed a $850,000 war chest to fight a November ballot measure that would fund San Francisco transit. Near the end of August, Uber and Lyft poured that cash into a campaign against Proposition L, which calls for a new tax on ride-hailing companies. The money would come from Uber’s, Lyft’s and Waymo’s gross receipts in San Francisco and go toward the city’s cash-strapped Muni system. The companies’ campaign donations — $750,000 from Uber, $103,000 from Lyft — were disclosed by the city’s ethics commission on Tuesday and spotted first by the San Francisco Standard. T … San Francisco’s controller estimated that Prop. L would direct around $25 million to the city’s transit agency.” (09/29/24)
https://www.sfgate.com/tech/article/uber-lyft-proposition-l-transit-19797995.php