Voters weighed in on two social housing questions in the Feb. 11 special election: whether to fund the new developer at all and, if so, by what means.
On whether to fund social housing, Seattle voters are strongly in favor with Yes leading No 68% to 32%.
On the question of how to fund it, Proposition 1A leads Proposition 1B 57.5% to 42.5%.
Prop 1A would levy a 5% “excess compensation” tax on employer payroll expenses for each Seattle-based employee paid over $1 million in annual compensation. Employers would pay a 5% tax on any dollar over $1 million in total employee compensation. It would generate an estimated $50
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