SF would need to gut its entire permitting system. Today, it can't even make small and incremental improvements: https://www.sfchronicle.com/local/heatherknight/article/Is-p...
Correction: in 2020, Proposition 19 (which limited Proposition 13/58 property tax breaks for parent-child transfers to only farms and owner-occupied “family homes”) did pass 51%-49%, whereas Proposition 15 (which would have eliminated Proposition 13 tax breaks for commercial property) was on the ballot but failed 48%-52%.
My point was that O($10m) isn't even enough to reliably land something on the ballot, much less get whatever crazy thing you want passed.
This of course being distinct from undoing Prop 13.
In a state that's nearly majority renters it should be possible to outspend HJTA and win.
Probably never because management don't care, highly-compensated workers will find a way, and many are moving to at least hybrid-remote anyway. But imagine what if big SF corporate money finally got sick of their headquarters being surrounded by homeless suffering and public sanitation problems and put some money towards systematically fixing it.
At the same time, I can think of few things with worse optics than big, fat, cash-rich tech companies full of big, fat, rich techies banding together to raise taxes on regular homeowners.
Prop 13 is possibly illegal: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3012949