What Prop. C’s passage means for San Francisco

San Francisco’s ballot measure Proposition C soared to easy victory Tuesday evening, and supporters danced it out amid blue and gold balloons and streamers at the Roccapulco venue in the Mission District.

The proposed corporate tax on the city’s largest businesses to fund homelessness services passed with almost 60 percent of the vote, according to the latest preliminary tally. The measure will levy a .05 percent gross receipts tax on the estimated 300 to 400 companies making more than $50 million…