{"id":151,"date":"2006-02-12T22:05:00","date_gmt":"2006-02-13T05:05:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=151"},"modified":"2006-02-12T22:05:00","modified_gmt":"2006-02-13T05:05:00","slug":"follow-up-state-re-spending-passes-house","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2006\/02\/12\/follow-up-state-re-spending-passes-house\/","title":{"rendered":"Follow-Up: State RE Spending Passes House"},"content":{"rendered":"

A few weeks ago, you may recall, a bill was being proposed in the state legislator to spend away<\/a> much of the state revenue gained thanks to the real estate boom. Yesterday that bill passed the House<\/a>.<\/p>\n

OLYMPIA — The House approved a $100 million expansion of the state’s housing program Saturday.<\/p>\n

The proposal would pump $25 million into the Housing Trust Fund from the state treasury each year for the next four years.<\/p>\n

The money would go for rental vouchers for low-income people, services to the homeless, housing for victims of domestic violence, weatherization projects, farmworker housing and development of affordable housing.<\/p>\n

“The increasing gap between incomes and housing prices has led to a major housing crisis in our state,” said Rep. Larry Springer, D-Kirkland, the prime sponsor.<\/p>\n

“Much of the additional state revenue we have seen this past year is directly linked to the real-estate boom. It only makes sense that we reinvest this money to offset the high price of housing.”<\/p><\/blockquote>\n

Actually, it only makes sense to me<\/i> to save the money for the proverbial rainy day, when the bubble finally bursts. But hey, that’s only one of many reasons I’m not a politician.<\/p>\n

(David Ammons, Seattle Times<\/a>, 02.12.2006<\/i>)<\/p>\n

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

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