"As Seattle continues to grow, we must act swiftly to cope with the pressures that follow ̵[ads1]1; from tackling affordability to new affordable housing to increasing transit" Mayor Jenny A. Durkan said in a statement on Monday.
In 2017, more than 21,500 applications were received for only 3,500 seats available through a Seattle housing lottery that helps low-income individuals pay their monthly rent in privately owned homes.
Sponsors of the tax bill said that the influx of workers paid more than existing residents leads to a higher cost of housing, which is a major cause of homelessness. This worsens when building affordable housing is not a priority.
Seattle has limited ways of raising money for public works because it is prohibited from having a Washington tax on income. It depends on sales tax, property tax and business tax.