Soon to be a collector's item?
Update: Burgess's math was a little fuzzy. The Seattle PD's proposed budget for 2010 is slightly south of $250 million. So while Eyman's I-1033 wouldn't wipe them out completely, it'd probably only leave the force with two captains and a meter maid.
That's the math as done by Councilmember Tim Burgess. Publicola reports that city budget staffers offered a briefing to the council this morning on the economic impacts should Tim Eyman's I-1033 pass. It was, to say the least, not a fun meeting.
Should it get enough votes -- which looks like a distinct possibility -- I-1033 will siphon $150 million from the city's general fund within five years. By 2025, "the city estimates that the amount of property taxes it collects for the general fund (which is also funded by sales and business and occupation taxes) would drop to zero." (Emphasis ours.)
Hence Burgess's comment that passing I-1033 is the equivalent of wiping out the police force. Or the fire department. Or laying off all those guys who tool around in the sewers. What are they doing down there anyway? Couldn't be that important, right? Tim Eyman might be on to something. This city practically runs itself!