SEATTLE CITY COUNCIL - Record No: CB 119002

• Record No: CB 119002
• Version: 3
• Council Bill No: CB 119002
• Type: Ordinance (Ord)
• Status: Passed
• Current Controlling Legislative Body: City Clerk
• On agenda: 7/10/2017
• Ordinance No: Ord 125339
• Title: AN ORDINANCE imposing an income tax on high-income residents; providing solutions for lowering the property tax burden and the impact of other regressive taxes, replacing federal funding potentially lost through federal budget cuts, providing public services, including housing, education, and transit, and creating green jobs and meeting carbon reduction goals; and adding a new Chapter 5.65 to the Seattle Municipal Code.
• Sponsors: Lisa Herbold, Kshama Sawant
• Supporting documents: 1. Summary and Fiscal Note v2, 2. Summary and Fiscal Note v1, 3. Proposed Amendment 1 (added; 7/11/17), 4. High Income Tax Information Sheet (added; 7/11/17), 5. Proposed Amendment 3, 6. Proposed Substitute CB 119002, 7. Proposed Amendment 4, 8. Proposed Amendment 5, 9. Proposed Amendment 6, 10. Proposed Amendment 7, 11. Proposed Amendment 8, 12. Proposed Amendment 9, 13. Proposed Amendment 10, 14. Central Staff Memo (6/21/17), 15. Signed Ordinance 125339, 16. Affidavit of Publication

Date	Ver.	Action By	Action	Result
7/14/2017	3	City Clerk	attested by City Clerk
7/14/2017	3	Mayor	returned
7/14/2017	3	Mayor	Signed
7/12/2017	3	City Clerk	submitted for Mayor's signature
7/10/2017	2	City Council	passed as amended	Pass
7/5/2017	1	Affordable Housing, Neighborhoods, and Finance Committee	pass as amended	Pass
6/30/2017	1	Affordable Housing, Neighborhoods, and Finance Committee	discussed
6/21/2017	1	Affordable Housing, Neighborhoods, and Finance Committee	discussed
6/19/2017	1	City Council	referred
6/19/2017	1	Council President's Office	sent for review
6/19/2017	1	City Clerk	sent for review

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE imposing an income tax on high-income residents; providing solutions for lowering the property tax burden and the impact of other regressive taxes, replacing federal funding potentially lost through federal budget cuts, providing public services, including housing, education, and transit, and creating green jobs and meeting carbon reduction goals; and adding a new Chapter 5.65 to the Seattle Municipal Code.
body
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. The City Council finds and declares as follows:
1. Seattle is a growing and prosperous city that can offer great schools, good jobs, and healthy communities for all. However, Seattle faces many urgent challenges, including a homelessness state of emergency; an affordable housing crisis; inadequate provision of mental and public health services; the growing demand for transit; education equity and racial achievement gaps; escalating threats from climate change; and the threat of imminent and drastic reductions in federal funding.
2. Seattle's robust economic growth has created significant opportunity and wealth, but it has also increased the lack of affordable housing, which is a significant financial strain on low- and middle-income households.
3. Seattle is experiencing three-percent population growth, making it the fastest growing major city in the United States and pushing our population over 700,000, which has increased the public need and demand for City services, including housing, education, and transit.
4. Despite increased City funding and intensely focused efforts by City staff and non-profit agencies, the scope and nature of homelessness has grown and worsened since the Mayor declared a state of emergency on November 2, 2015, and the City Council ratified that declaration. There are now over 3,000 homeless students in Seattle Public Schools. The 2017 Seattle/King...