Select Committee on the 2016 Seattle Housing Levy
TL;DR
Seattle's City Council approved a measure to ask voters to temporarily increase property taxes to fund low-income housing. If voters approve it in the August 2016 election, the city can collect additional taxes for up to seven years. The council also established oversight requirements and annual progress reports to track how the housing money is spent.
Key Decisions
- Housing Levy Ordinance - Special Election Authorization Passed as amended
- Property Tax Limit Increase for Low-Income Housing Approved for voter ballot
- Creation of Levy Oversight Committee Approved
- Annual Progress Reporting Requirement Approved
Agenda
- This meeting also constitutes a meeting of the Full Council, provided that the meeting shall be conducted as a committee meeting under the Council Rules and Procedures, and Council action shall be limited to committee business.
- Please Note: Times listed are estimated
- Call To Order
- Public Comment
- Items of Business
- 1. AN ORDINANCE relating to low-income housing; requesting that a special election be held concurrent with the August 2, 2016 primary election for submission to the qualified electors of the City of a proposition to lift the limit on regular property taxes under chapter 84.55 RCW in order to authorize the City to levy additional taxes for low-income housing for up to seven years; providing for interim financing pending tax receipts; creating a levy oversight committee; requiring annual progress reports; providing for implementation of programs with funds derived from the taxes authorized; and ratifying and confirming certain prior acts.Ordinance (Ord)Action: pass as amended Passed
The Committee recommends that Full Council pass as amended the Council Bill (CB).
- Adjournment