Councilmember Tom Rasmussen
Councilmember Sally Clark
Councilmember Richard McIver
MULTI-FAMILY TAX EXEMPTION COMES TO COUNCIL
Legislators promise careful review of the Mayor’s proposal
SEATTLE — Councilmembers Tom Rasmussen, Sally Clark, and Richard McIver said they will carefully review Mayor Greg Nickels’ proposal to change the multi-family tax exemption program for affordable housing. The Mayor wants to make the tax exemptions available to a wider range of development projects in more areas of the city.
Councilmember Rasmussen, Chair of the Housing, Human Services, and Health Committee, said, “We are careful stewards of the public’s tax dollars. Since this proposal involves shifting taxes from one group of taxpayers to another, it needs close scrutiny.” Councilmember McIver said, “This program is currently targeted very carefully to impact the areas where development is most needed. We need to consider the impact of the geographical changes that the Mayor is proposing.” Councilmember Clark said, “The Council will look closely to determine whether the Mayor’s proposal delivers the public benefits that are being promised.” The Committee will deliberate on the proposed legislation over the next several months.
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