Seattle will loosen restrictions on spending its big business tax

Jumpstart was created in 2020 to help the city weather the pandemic’s economic impacts in the short term and make progress on key social safety net issues in the long term. That latter priority was codified in 2021 when the Council created the Jumpstart spending plan that mandated 62% of revenues be spent on affordable housing, 15% on economic development, 9% on climate and 9% on community-led equitable development projects, with 5% set aside for administration. Last year, the Council voted to add youth mental health as an eligible category.  

But because the tax consistently raised more money than expected and because the city has faced a growing budget

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