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Council Passes Mosqueda’s JumpStart Seattle Progressive Revenue Plan to Address COVID Response, Essential City Services, Affordable Housing

Plan supported by large community coalition, including labor, big and small business, housing and homeless advocates

Councilmember Teresa Mosqueda (Position 8, Citywide) and her Council colleagues passed in a 7-2 vote the JumpStart Seattle plan, which would raise over $214 million per year in progressive revenue to respond to the immediate COVID crisis and focus on Seattle’s long-term economic revitalization and resiliency by investing in affordable housing and essential city services.

JumpStart Seattle addresses the immediate economic impacts of the COVID-19 crisis, and in later years supports existing city services and new affordable housing by taxing Seattle’s largest businesses on executives and employees with the highest salaries. The vast majority of Seattle businesses will not be subject to the tax because the ordinance excludes businesses with less than $7 million of annual Seattle payroll and does not place an assessment on salaries under $150,000. This carefully crafted revenue proposal is thoughtful in its requirement that only the largest companies, with the highest salaries, pay the tax and it ensures predictability for businesses if there is a regional or state payroll assessment in the future. 

“Seattle residents have made it clear – now is not the time for government austerity or divisiveness. Investing in communities of color, small businesses, and community health leads to a more robust and resilient economy.  We are in the midst of a health and economic crisis that even a strong economy like Seattle may not be able to recover from quickly. We have over a million people statewide who have filed for unemployment this year; countless businesses shuttered temporarily and some potentially forever; our immigrant and refugee families have been left out of federal aid, and our homeless neighbors continue to suffer in our streets in the midst of a global pandemic,” Mosqueda said. “JumpStart Seattle will do just that – jump start our recovery with a relief plan that centers workers, small businesses and our most vulnerable community members. Thank you to the large coalition of community organizations who supported this plan — investing in Seattle is investing in our economy and our future.”

The proposal will immediately address the COVID -19 crisis by investing in housing security, such as rental assistance programs and resources for non-profit affordable housing providers; our homelessness crisis, including further de-intensifying our shelters; food security through the city’s grocery voucher program; and cash assistance to small businesses. In later years, JumpStart Seattle transitions to funding the construction of and existing affordable housing, city services and economic resiliency.

Comments

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Time July 7, 2020 at 1:01 am

[…] TAX: The first year of revenue from the “JumpStart” business tax passed by the City Council today is supposed to go to COVID-19 relief. The tax on high earners, sponsored by West […]

Pingback from 'Historic Victory for Working People': Seattle City Council Passes Progressive Tax on Big Business to Fund Relief – Radio Free
Time July 7, 2020 at 10:24 am

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Time July 7, 2020 at 11:30 am

[…] The new taxes target only the largest local companies, aiming to raise more than $214 million annually to help the city cover the costs of responding to the pandemic while boosting much-needed citizen-facing services, including affordable housing programs, according to council members. […]

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Time July 7, 2020 at 3:52 pm

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Pingback from 'Historic Victory for Working People': Seattle City Council Passes Progressive Tax on Big Business to Fund Relief – Times Famous
Time July 8, 2020 at 3:03 am

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Pingback from Economist: Seattle business tax could lead to 'massive' Amazon exodus to Bellevue
Time July 8, 2020 at 7:24 am

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Time July 8, 2020 at 2:33 pm

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Time July 8, 2020 at 2:42 pm

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Time July 8, 2020 at 2:44 pm

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Time July 8, 2020 at 3:10 pm

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Time July 8, 2020 at 3:27 pm

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Time July 8, 2020 at 4:26 pm

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Time July 8, 2020 at 4:53 pm

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Time July 8, 2020 at 5:04 pm

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Time July 8, 2020 at 5:43 pm

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Time July 10, 2020 at 7:32 am

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Time July 15, 2020 at 3:51 pm

[…] unanimous city council vote to use a slice of the revenue from the new JumpStart Seattle payroll tax to bring back the oversight board coordinator position represents momentum for the Green New Deal, […]

Pingback from Council Connection » Mosqueda, Wide Coalition of Community Celebrates Enactment of JumpStart Seattle
Time July 17, 2020 at 6:21 pm

[…] Council passed JumpStart Seattle on Monday, July 6, 2020. The Council will move forward with its scheduled vote on JumpStart […]

Pingback from Council Connection » Mosqueda, Council Colleagues Pass JumpStart’s COVID Relief Package and Economic Recovery Spending Plan
Time July 20, 2020 at 4:08 pm

[…] detailed Spend Plan follows the Council passage of the JumpStart Progressive Revenue tax on Monday, July 6, 2020. Today’s vote enacted a detailed spending plan for the progressive […]

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Time August 1, 2020 at 4:02 pm

[…] City Council passed the JumpStart Progressive Revenue tax on Monday, July 6, 2020, after six weeks of public deliberations, hundreds of hours of […]

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Time August 3, 2020 at 9:03 pm

[…] can also explore economic housing programs. The JumpStart Seattle program for example, is designed to help homeowners and renters during the COVID-19 […]

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Time August 3, 2020 at 9:23 pm

[…] for those who have fallen on hard economic times (i.e. laid off, furloughed), programs like JumpStart Seattle and HUD Homeowner Assistance are worth checking out. HUD’s single-family mortgage insurance […]

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