Given that Proposition L would tax ride-hailing giants Uber, Lyft and Waymo to raise funds for the transit agency, that might not be much of a surprise. Although the tax is relatively small — at its highest rate, it would be equivalent to 46 cents on a $10 ride — Uber and Lyft are spending big money to defeat it.

Proposition L would create a new tax on ride-hailing companies and use those funds to restore transit services across the city.