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Councilmember announces proposal to rebalance Seattle B&O tax to raise $90 million for human services
Summary
Councilmember Rink and the mayor are advancing a proposal to rebalance the city's business-and-occupation (B&O) tax to generate roughly $90 million annually to protect human services funding; the plan will be discussed in the Finance committee before any formal transmission to full council.
Councilmember Rink said June 30 that she and the mayor have advanced a proposal to rebalance Seattle's business-and-occupation tax to generate approximately $90 million in net annual revenue for the city to backfill critical human services.
"We came forward with a proposal to address this," Councilmember Rink said, describing the…
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