San Francisco voters passed three tax measures this week that will protect or increase revenue in the city’s budget, while rejecting a measure that would have given the Board of Supervisors permission to issue billions of dollars in revenue bonds to take over the local electric utility.

Voters approved Proposition N, which increases the property transfer tax rate on houses worth more than $5 million to 1.5% from 0.75%, with 69% of the vote. The change will raise an estimated $29 million a year, according to city Controller Ben Rosenfield.

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