My bill, Senate Bill 5893, is the ONLY bill that would cut car-tab tax rates. Giving families, seniors, new parents, and other taxpayers real relief from punishing car-tab taxes WILL NOT “derail” transit. Sound Transit would still have all the money it needs. I explain why in my latest column that was just published in the Seattle Times:
DESPITE claims to the contrary, light rail is not being “derailed,” “dismantled” or “re-litigated.” [“Fix the price of car tabs and limit the impact on ST3,” Opinion, May 12.] Instead, lawmakers are working to correct Sound Transit’s excesses and acknowledge that the taxpayers’ need for car-tab tax relief is being heard.
The car-tab tax cuts I sponsored, and the Senate passed, in Senate Bill 5893 would provide taxpayers with real relief while still leaving Sound Transit with 93 percent of the funds approved by ST3. Sound Transit will collect $50 billion instead of $54 billion.
Given that Sound Transit originally requested a $15 billion authorization and has substantial contingencies built in to its funding plans of 20 percent or more, there is absolutely no reason the agency can’t complete the projects it promised to voters. Even after my car tab tax cut, Sound Transit would still collect revenue from its new ST3 property tax and sales-tax increases.
Read the rest of the column, “Sound Transit can afford car-tab tax cut,” by clicking here.