Seattle mayor, City Council look to loosen rules on JumpStart tax ...

Nov 18, 2024 · Seattle established the JumpStart payroll tax in 2020 with requirements to pay for specific priorities, like affordable housing. But the city has used some revenue each year to help balance its ...

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Seattle Mayor Wants To Use JumpStart Tax To Fill Budget Shortfall

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Sep 24, 2024 · Seattle Mayor Bruce Harrell will lean on big business to help save the city from a $250 million shortfall and ask the City Council to rewrite the JumpStart Tax.

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Seattle Mayor Staves Off Deep Cuts In $8.3B 2025 Budget Proposal

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Sep 25, 2024 · The mayor’s office says that the additional tax revenue is allowing it to fulfill Jumpstart’s promises and balance the budget deficit. A coalition of 35 service providers, labor …

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Seattle City Council Nears Crucial Budget Vote Amid $250 Million

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Nov 19, 2024 · The Seattle City Council is set to vote on a multi-billion-dollar budget plan in two days as the city grapples with a $250 million deficit.

komonews.com

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Raiding JumpStart, New Capital Gains Tax, Capitol Hill Public Safety ...

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Nov 12, 2024 · The last big push of changes for the city’s 2025 $8.3 billion budget plan is underway as the Seattle City Council will host a busy week of public hearings and committee …

capitolhillseattle.com

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How The Seattle City Council Plans To Patch A Budget Hole With ...

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Seattle will use money originally earmarked for affordable housing to plug a $250-million hole in the city’s budget. The money comes from the JumpStart Tax, a tax on big companies with …

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Council Budget Chair Would Restore Restrictions To JumpStart …

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Oct 21, 2023 · JumpStart, a payroll tax on top salaries at the city’s biggest employers, passed in 2020 to help fun affordable housing and other budget priorities, and collected $231 million in …

seattletimes.com

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Seattle JumpStart Tax Upheld As Critics Argue It Points To A …

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Jun 22, 2022 · The tax was passed by the Seattle City Council in 2020. JumpStart requires businesses with at least $7 million in annual payroll to pay between 0.7%-2.4% on salaries …

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Op-Ed: JumpStart Should Remain An Affordable Housing …

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Oct 30, 2024 · JumpStart funding priorities must be preserved in future years despite Mayor Harrell siphoning $287 million. While much has been made of the $250 million deficit in …

theurbanist.org

FAQs about Seattle mayor, City Council look to loosen rules on JumpStart tax ... Coupon?

When will Seattle City Council vote on a budget?

Council will continue to amend the budget over the next month and will likely take a final vote on Nov. 21. Members of the public can weigh in on the budget during a committee meeting at 10 a.m. Oct. 27 or at the last public hearing scheduled for 5 p.m. Nov. 13. For more information on the city’s budget, visit seattle.gov. ...

How much did Seattle City Council budget chair Teresa Mosqueda push back?

Seattle City Council budget chair Teresa Mosqueda pushed back on Mayor Bruce Harrell’s proposed Jumpstart spending Friday, restoring nearly $20 million to the original spending plan compared to the mayor’s proposal. ...

Who opposes the JumpStart tax?

The Seattle Metropolitan Chamber of Commerce, the Downtown Seattle Association and a number of neighborhood business associations opposed the JumpStart tax. Amazon declined to comment Monday. The Downtown Seattle Association didn’t comment on whether business leaders will launch a campaign for a voter referendum, as they did in 2018. ...

Why did Harrell ask for a jumpstart tax?

The step requested by Harrell has stirred debate because a previous council that established the tax on high salaries at big businesses in 2020 wrote rules promising that JumpStart dollars would flow — after the COVID pandemic — to affordable housing, community and environmental projects. ...

Where can I find information on Seattle's budget?

For more information on the city’s budget, visit seattle.gov. Sarah Grace Taylor: 206-464-2166 or [email protected]; on Twitter: @_sarahgtaylor. Seattle City Council budget chair Teresa Mosqueda pushed back on Mayor Bruce Harrell's proposed Jumpstart spending Friday. ...

Why is City Hall reliant on JumpStart?

That’s helped the city fund affordable housing and community development at historic levels. At the same time, City Hall has also become reliant on JumpStart to balance its regular budget, where costs have been growing faster than revenues since COVID, leading to substantial deficits. ...