Maybe it doesn't qualify as news, per se, but as expected Tim Eyman, the man whom Olympia politicians love to hate, will be filing a new Initiative>"/>
Maybe it doesn't qualify as news, per se, but as expected Tim Eyman, the man whom Olympia politicians love to hate, will be filing a new Initiative with the Secretary of State on Monday.
Per the press release sent out today...
"We have a proposal for 2009 that aggressively tackles our state's property tax crisis. It's called the Lower Property Taxes Initiative. Our tax burden keeps growing faster and faster and government keeps getting bigger and bigger -- the people are losing control. The Lower Property Taxes Initiative is our last, best chance to gain control of our government. Here's an excerpt from its intent section:
This act is intended to protect taxpayers by reducing our state's obscene and unsustainable property tax burden by controlling the growth of government to an affordable level. It is long overdue. This measure would limit the growth of state, county, and city general fund revenue, not including new voter-approved revenue, to the annual rate of inflation. Revenue above this limit would be used to reduce property taxes. This measure permits the growth of Washington's tax burden to increase at an affordable, sustainable rate, allows citizens to vote for higher taxes where they see a need, and uses excess revenues above this limit to reduce property taxes.
During these tough economic times, struggling working families and fixed-income senior citizens desperately need and deserve meaningful property tax relief. Property taxes have skyrocketed for decades and politicians have done nothing to address this very real problem. This measure also provides a much-needed economic stimulus to our state's struggling economy by keeping our tax burden at an affordable, sustainable level and by reducing our state's crushing property tax burden. So, this measure ensures meaningful tax relief, a big boost to our state's economy, and long-overdue reform of government. It is a smart, balanced, reasonable solution to our state's property tax problem. This will be the first real reduction in property tax bills in our state's history.
How much will our initiative lower your property tax bill?
Some years, it'll knock 40% off your property tax bill. Other years, it'll cut it by 1/3. Other years, it'll lower it by 25%. Other years, it'll reduce it 10%. The amount of reduction will be different every year. The greater the excess revenue collected by the government, the larger the property tax reduction that year."
Eyman assures us that a "couple of surprises" have been left out of the announcement, which will be unveiled on Jan. 5.