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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Text of Tim Eyman initiative

Text of the tax initiative Tim Eyman filed Jan. 5, 2008. If it passes, increases in tax and fee collection would be limited to the rate of inflation. If more is collected – say, the economy happens to be surging, or there’s a spike in taxes from real estate deals – that “excess revenue” would be used to reduce property taxes for the following year.

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