Councilmembers voted 6 to 1 Thursday to run an alternative ballot measure against Initiative 137. Councilmember Tammy Morales voted No, and Councilmembers Cathy Moore and Dan Strauss were absent from the special Council meeting. The vote came just one day before the Council’s hard deadline to act on I-137.
I-137 would create a new “excess compensation” tax on company payrolls for each Seattle-based employee paid over $1 million a year. It is estimated to generate more than $50 million annually to fund the Seattle Social Housing Developer’s work. The Council’s alternative would instead direct $10 million from the Jumpstart payroll tax for five years. The measure would limit the subsidy
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