Normandy Park City Council Unanimously Votes To Oppose Tim Eyman’s I-1033

The Normandy Park City Council, in a unanimous vote, adopted Resolution 819, Opposing Tim Eyman’s Initiative 1033.

City Manager Doug Schulze explained how I-1033 will reduce future revenues for the City.

Schulze reported that revenue shortfalls in 2009, required over $400,000 in cuts and additional cuts of $500,000 are needed for 2010 without I-1033. The City’s annual operating budget is $4.3 m.

I-1033 is intended to reduce property taxes, a regressive tax, which means the amount paid increases as the value of property (wealth) increases. As a result, I-1033 shifts the tax burden to progressive taxes (sales), which are paid equally by everyone regardless of income or wealth.

Based on the projected $500,000 annual impact to the City, the benefit of I-1033 is projected to be $180 for the owner of a $600,000 home in Normandy Park.

However, the owner of a $6.0 m commercial property would see an estimated $1,200 annual benefit.

And according to our sister site The B-Town Blog, the neighboring City of Burien also voted to oppose I-1033.

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