April 1, 2014
Washington Policy Center just released our Citizen’s Guide to Proposition 1. Key Findings and a link to the study follow:
- With Proposition 1, King County officials want to impose a $60 car tab tax and increase the sales tax by 0.1 percent, raising the rate to 9.6 percent in many communities, the highest in the state. Officials say they will cut Metro bus services by 17 percent if they do not receive additional tax money.
- The proposed tax increases would apply only to regressive forms of taxation, falling hardest on the poor, the disabled, the unemployed and the elderly living on fixed incomes.
- Proposition 1 would cost $1.5 billion over 10 years. Sixty percent of new funds would go to keeping current bus service, 40 percent would go to local multi-modal projects and roads. No new bus service would be added.
- Metro officials announced that, with the improving economy, they received the highest-ever amount of sales tax revenue in 2013, more than $442 million.
- Metro officials say that, without Proposition 1, they expect to again receive record-high tax revenues this year, more than $471 million, a windfall of $32 million above estimates.