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‘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
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  • 71% of the sources lean Right
71% Right
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Kiro7 broke the news in Seattle, United States on Wednesday, March 26, 2025.
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