{"id":106,"date":"2005-12-14T11:14:00","date_gmt":"2005-12-14T18:14:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=106"},"modified":"2005-12-14T11:14:00","modified_gmt":"2005-12-14T18:14:00","slug":"sims-king-county-re-tax-revenue-down","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2005\/12\/14\/sims-king-county-re-tax-revenue-down\/","title":{"rendered":"Sims: King County RE Tax Revenue Down"},"content":{"rendered":"

I was reading through a story about the King County Council’s 9-0 (4 absent) vote to increase county spending by $3.8 million<\/a> on “pet causes” when I stumbled upon an interesting line:<\/p>\n

Sims, though, said real estate tax revenue is down.<\/p><\/blockquote>\n

Considering all the stories<\/a> I’ve been posting about government revenue going through the roof thanks to the housing boom\/bubble, I find that a bit hard to believe. Either King County’s real estate tax revenues are declining while Washington<\/a> State<\/a> and nearly<\/a> every local<\/a> government<\/a> within it is experiencing increasing revenue, or Ron Sims is just plain wrong. Also worth mentioning is a story<\/a> I posted back in October which states in reference to King County: “Now, after several years of depressed revenues, sales-tax, property-tax and real-estate excise-tax payments are up.” If someone knows where I can access county budget records to uncover the answer, I’d love to hear.<\/p>\n

In non-bubble related news, I found the following bits about Sims’ reaction to the spending amusing:<\/p>\n

He said it erodes the “fiscal discipline” shown by the county in reducing its general fund by $137 million over the past five years to deal with revenue shortfalls.
…
“A veto is pretty dramatic.”<\/p>\n

“I’m not interested in having warfare with the council,” he said. “At the same time, I am not interested in having to make serious cuts in the budget because of our appetite” for spending.<\/p><\/blockquote>\n

So, to sum up; Ron Sims is against excessive spending, and he might even do something to stop it. Maybe.<\/p>\n

(Neil Modie, Seattle P-I<\/a>, 12.14.2005<\/i>)<\/p>\n

\n
Seattle Bubble Tip Jar<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

I was reading through a story about the King County Council’s 9-0 (4 absent) vote to increase county spending by $3.8 million on “pet causes” when I stumbled upon an interesting line: Sims, though, said real estate tax revenue is down. 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