Seattle Voters Approve Sales Tax Hike to Fund Transit Expansion
What happened
Voters in King County approved a measure to increase the sales tax rate in Seattle. The rate will double from 0.15% to 0.3%, adding 15 cents to every $100 spent on eligible purchases in Seattle. This measure is projected to generate $138 million over 10 years for municipal transit programs.
From fox13seattle.com
Why it matters
The funding will expand King County bus service in Seattle by nearly 50%, adding roughly 100,000 bus trips, and cover safety improvements and regional light rail construction staffing. The tax increase directly impacts local consumer spending in Seattle.
From fox13seattle.com
Who's involved
- King CountyCounty where the sales tax increase was approved
- SeattleCity where the sales tax increase and transit expansion will take place
- King County CouncilLegislative body that previously passed the transit sales tax increase bill
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AmazonSpeculative
Amazon might face higher costs for goods and services sold in Seattle due to the sales tax increase.
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The entities involved
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King County
county in the state of Washington, United States
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Seattle
city in and county seat of King County, State of Washington, United States