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This vote follows up on a successful initiative to create but not fund a Seattle Social Housing Development Board. Petitioners for I which became option 1A submitted the necessary signatures in plenty of time to get their initiative on the general election ballot in November. But in order to make it the city council had to vote to certify it by a particular date. The dithered with the intention of postponing it, hoping that a low-turnout February election would produce a result more amenable to their liking.
So what are 1A and 1B? In a testament to just how much money is sloshing around Seattle right now, this tax would be projected to raise about 50 million dollars a year. A reminder: I wrote here back in about that Jumpstart tax passed by a much more progressive council. It imposed taxes on payroll for larger firms for employees earning in excess of then k, ranging from. The highest threshold of 2. From , the revenue was flexible; some of it must be used for affordable housing but some could still be used to cover budget shortfalls.
Now, those forces fully control Seattle politics, and Jumpstart is saving their ass. They happily raided the affordable housing funds to cover budget shortfalls, rather than have to find additional revenue sources which would infuriate their backers or make catastrophic cuts to the city budget which would infuriate voters.
Similarly dire predictions about 1A are thus not particularly credible. There very likely remains a fair amount of room for Washingtonians and Seattleites to tax the wealthy without significantly risking an unwanted Tiebout-sorting outcome. Most of the political organizations and commentators I find myself in agreement with The Urbanist , Publicola , Ron Davis are strong supporters as well. I also worry, in my more pessimistic moments, that we may not have the degree of social trust necessary to entice the middle income renters, necessary for this project to work as intended, to choose social housing over market rate, in order to avoid proximity from poorer people.
Second, and importantly, the current Seattle City Council appears to be deeply committed to doing as little as they possibly can to address the current housing crisis. In Seattle, unlike some West Coast expensive cities like San Francisco , the moderates tend to be distinctly worse on housing supply questions than those on the left. Seattle is also in the process of updating its comprehensive plan, which in theory should guide zoning and land use policy for the next couple of decades.