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Record No: Res 31782    Version: Council Bill No:
Type: Resolution (Res) Status: Adopted
Current Controlling Legislative Body City Clerk
Final Action: 11/20/2017
Ordinance No:
Title: A RESOLUTION establishing a process by which the City of Seattle will determine new progressive revenues including an Employee Hours Tax, expressing the City Council's intent to impose such potential revenues, and expressing the City Council's intent to make investments with these revenues that would assist people who are homeless or at a high risk of becoming homeless in obtaining and retaining stable housing
Sponsors: M. Lorena González , Mike O'Brien
Supporting documents: 1. Summary and Fiscal Note, 2. Proposed Amendment 2 (added; 12/4/17), 3. Proposed Amendment 4 (added; 12/4/17), 4. Proposed Amendment 5 (added;12/4/17)
CITY OF SEATTLE
RESOLUTION __________________
title
A RESOLUTION establishing a process by which the City of Seattle will determine new progressive revenues including an Employee Hours Tax, expressing the City Council's intent to impose such potential revenues, and expressing the City Council's intent to make investments with these revenues that would assist people who are homeless or at a high risk of becoming homeless in obtaining and retaining stable housing
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WHEREAS, Seattle is a city of great prosperity that has experienced tremendous growth of its economy and population; however, this growth and prosperity has directly contributed to the rapid increase in the number of individuals and families experiencing homelessness; and
WHEREAS, a national study published in the Journal of Urban Affairs established the correlation between increasing rent and homelessness. Some of the report findings include: (1) Washington is the tenth most expensive state for renters; (2) the high cost of rental housing is driving increases in homelessness; and, (3) an increase of $100 in median rent for an area results in a 15 percent (metro areas) and a 39 percent (nearby suburbs and rural areas) increase in homelessness; and
WHEREAS, the U.S. Internal Revenue Service defines "a progressive tax takes a larger percentage of income from high-income groups than from low-income groups and is based on the concept of ability to pay; and
WHEREAS, the Seattle Times recently wrote that "Seattle rents have soared 65 percent since 2010. The typical Seattle renter now pays about $21,900 for rent over the course of a year, up from $13,200 at the start of the decade."1 That same article also highlighted that the average two-bedroom apartment in Seattle costs $2,000 a month for the first time in Seattle's history and that "rents across the Puget Sound region are still rising faster than the historical norm, and the market remains hotter than most other U.S. cities;" and
WHEREAS, according ...

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