Richmond Chevron Tax Overturned

A Contra Costa County judge has thrown out a Richmond voter-approved ballot measure that would have taxed Chevron about $16 million a year, the CoCo Times reports. Chevron, which earns billions in annual profits but shares little of that with the cash-strapped city of Richmond, sued to overturn the measure after it was approved by voters in 2008. Judge David Flynn sided with the oil giant, ruling that Measure T, a manufacturer’s tax, was unfair. It’s unclear whether Richmond plans to appeal the ruling.

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