Seattle voters will soon receive ballots for the February 11th election. LIHI urges you to vote "Yes" on Seattle Prop 1A. The ballot question is in two parts and will look like this:
Part 1: Should revenue from taxes on payroll expenses be used to fund the development and maintenance of social housing in Seattle?
✓ A "Yes" vote supports using such revenue, leading to Question 2.
Part 2: If Question 1 passes, which funding method should be implemented?
✓ Proposition 1A: Imposes a 5% tax on annual compensation above $1,000,000 paid to any employee in Seattle.
Proposition 1B: Allocates $10,000,000 annually for five years from existing payroll expense tax revenues to fund the Social Housing Developer. This takes away $10 million in scarce Jumpstart or payroll tax that nonprofits like LIHI compete for.
LIHI urges you to vote for Prop 1A over Prop 1B because:
1) Dedicated Funding Source for more affordable housing: Proposition 1A introduces a new 5% payroll tax on annual compensation exceeding $1 million, ensuring a consistent and substantial funding stream for the Seattle Social Housing Developer. It will generate an estimated $50M a year in new housing funds.
2) Employer Responsibility: The tax under Proposition 1A targets employers compensating employees over $1 million annually, promoting a more equitable distribution of the tax burden. This approach aligns with the principle that those benefiting most from the economy can contribute more to social welfare initiatives.
3) Enhanced Funding Capacity: By implementing a new tax, Proposition 1A is the only option that generates more revenue for housing. This increased funding can accelerate the development of thousands more units of social housing and address housing needs more effectively.
4) Long-Term Commitment: Proposition 1A establishes an ongoing funding mechanism without a predefined end date, providing financial stability for long-term social housing initiatives.
LIHI, Frank Chopp, Nick Licata, Rebecca Saldana, Robert Cruickshank, Tammy Morales, Akiksha Chatterji, HDC, House Our Neighbors, Real Change, and many others support Prop 1A.
Vote for Prop 1A!
Cheers, Sharon Lee
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I support Seattle Proposition 1A to fund social housing, just as ‘YouTube to Mp4 Converter’ simplifies video access, this policy will allow resources to more equitably benefit those in need.
Social housing development is a critical issue in Seattle, and the proposed tax revenue allocation could be a game-changer. Proposition 1A seems like a sustainable approach, targeting high earners without impacting existing programs. On the other hand, Proposition 1B may strain already limited nonprofit funding. It’s essential to weigh the long-term effects of each proposal to ensure the best outcome for both housing initiatives and community services.
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Using payroll tax revenue to fund social housing in Seattle could provide much-needed relief to those struggling with housing insecurity. However, the funding method matters greatly. Proposition 1A places the tax burden on high-income earners, which may generate substantial funds without affecting essential services. Meanwhile, Proposition 1B diverts existing resources, potentially impacting nonprofits like LIHI. Careful consideration is needed to ensure the most effective and fair funding approach.
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Proposition 1A presents a long-term solution to Seattle’s affordable housing crisis by establishing a dedicated funding source through a 5% payroll tax on salaries over $1 million. This guarantees $50 million annually for the Seattle Social Housing Developer, creating a sustainable approach to building more affordable homes. Unlike other measures, Prop 1A ensures continuous investment in housing for those in need, making it a more reliable and impactful choice over Prop 1B.
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Voting Yes on Seattle Prop 1A is a step toward addressing the city’s housing crisis by funding social housing initiatives. Affordable, publicly owned housing can provide stability for low- and middle-income residents, reducing homelessness and fostering stronger communities. Investing in social housing ensures long-term solutions rather than temporary fixes. Supporting Prop 1A means advocating for inclusive, sustainable housing policies that benefit everyone in Seattle. Housing is a right, not a privilege!
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