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July 15, 2009 in City
Property tax initiative will be on Wash. ballot
OLYMPIA — Initiative promoter Tim Eyman’s latest smaller-government project will be on the statewide ballot this fall.
State elections officials say their check of petitions shows that Initiative 1033 has enough valid voter signatures to head to the polls.
I-1033 would cap the amount of money flowing into state, county and city general funds. Yearly increases would be tied to inflation plus population growth.
Revenue over the cap would be used to lower property taxes. Voter-approved taxes and the state’s Rainy Day Fund would not be subject to the cap.
It will be the only citizens initiative on the ballot this year. Referendum sponsors have a different deadline, later this month, to get their measures on the ballot.
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Bob_Knows on July 15 at 5:09 p.m.
“Any government that takes 1/10 of a man’s wealth, in total of all taxes, is tyranny and should be overthrown,” The Continental Congress, 1775.
SteveZemke on September 06 at 1:25 a.m.
Initiative 1033 is a freeze on public spending.
The Washington State Office of Financial Management says that Initiative 1033 would severely impact state and local government.
In their words “The initiative reduces state general fund revenues that support education, social, health and environmental services; and general government activities by an estimated $5.9 billion by 2015. The initiative also reduces general fund revenues that support public safety, infrastructure and general government activities by an estimated $694 million for counties and $2.1 billion for cities by 2015”
This is the impact Tim doesn’t want you to see. Read it yourself.
see http://ofm.wa.gov/initiatives/i-1033_fiscal_impact.pdf
Vote No on I-1033!