Thursday January 4, 2018 was the first meeting of the Progressive Revenue Task Force. The task force was established by Resolution 31782, passed during the November Budget discussion soon after a narrow majority of Councilmembers voted against the progressive Employee Hours Tax (EHT) that would have funded $13 million in programs serving homeless people as well as creating a new on-going revenue stream that we could bond against – in order to invest nearly $50 million more each year (over and above the annual Housing Levy funds) to build 2000 additional new units of affordable housing.
Though they voted “no,” on that version of an Employee Hours Tax, at the same time a majority of Councilmembers sent a clear signal supporting future passage of a progressive EHT that would generate between $25 million and $75 million in revenue per year. …
Original published: 2018-01-13 01:20:31 Read the full Seattle News here
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