On ballots that went out last week, voters have two choices to make to determine the future of Seattle’s newest plan for housing.
The first is whether the developer should be funded at all. The next choice — regardless of the previous answer — is how.
Option 1A is with a new employer tax on all salaries over $1 million a year. Backers hope the 5% tax would raise as much as $50 million a year to be spent on buying and, eventually, developing housing that would be cost-controlled and owned by taxpayers.
Option 1B is to fund the developer with $10 million a year in existing city funding — specifically the city’s JumpStart tax on large corporations in Seattle.
I agree with you that more needs to be done, but small progress is better than none or regression. No where did I insult you or call you an idtiot, not sure why you are so aggressive. If you’re so upset about all this you should go out and start the change you want to see. What doesn’t help is dooming on the internet, but I’m sure you already know that too.