‘This is catastrophic’: Seattle payroll tax revenues $47M short as jobs leave city
- Seattle is facing a $47 million shortfall in tax collections due to falling payroll tax revenues, as noted by Mayor Bruce Harrell.
- Revenue from the payroll expense tax on large businesses was $360 million, significantly lower than the projected $406.8 million.
- Talk show host Jason Rantz criticized city leadership, claiming that the tax led to job losses and businesses moving out of Seattle.
- Mayor Bruce Harrell stated that tax policies need to reflect the economic situation to ensure adequate funding for community needs.
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Seattle’s $47M Hole: Gee, Did We Do That?
·Arlington, United States
Read Full ArticleSeattle payroll tax revenue $47M short, complicating city’s budget challenge
(The Center Square) – Revenue collected last year from Seattle’s payroll expense tax on big businesses was $47 million lower than projected, with Mayor Bruce Harrell implying that large corporations
·United States
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Total News Sources10
Leaning Left1Leaning Right5Center1Last UpdatedBias Distribution71% Right
Bias Distribution
- 71% of the sources lean Right
71% Right
14%
14%
R 71%
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