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Committee advances amended social housing tax ordinance, requires council approval for future ILA changes
Summary
The committee unanimously passed an amended Council Bill 121153 to authorize an interlocal agreement implementing the voter-approved social housing tax; it requires council approval for future ILA amendments, details a repayment and transfer schedule, and will go to full council on Feb. 10.
Seattle — The Finance, Native Communities and Tribal Governments Committee on Feb. 3 advanced Council Bill 121153, an ordinance implementing the voter-approved social housing tax, after adopting Amendment 1 to require that any future changes to the interlocal agreement (ILA) must return to City Council for approval.
The committee's action was unanimous (4–0) and sends the amended ordinance to the full City Council for consideration on Feb. 10.
What the ordinance does: The bill authorizes the mayor or designee to enter into an interlocal agreement with the Seattle Social Housing Developer to implement, administer and oversee the voter-approved tax, create the Social Housing Tax Fund, reimburse the city for administrative and…
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