
Politics
New tax to fund social housing likely headed to Seattle ballots
The measure proposes a 5% “excess compensation” tax on companies for each employee with a salary over $1M to help fund permanently subsidized housing.
The measure proposes a 5% “excess compensation” tax on companies for each employee with a salary over $1M to help fund permanently subsidized housing.
Tariq Yusuf, Alexis Mercedes Rinck and Saunatina Sanchez have all entered the race for Seattle’s 2024 special election.
A coalition is asking to increase the levy to $1.9B for more bike and pedestrian safety measures — which a poll found a majority of voters might support.
Supporters are aiming for a November ballot initiative to fund mixed-income, subsidized housing by taxing companies that pay higher than $1M salaries.
Woo initially ran for the District 2 seat, backed by Chinatown-International District leaders and big businesses.