In 2001, Tim Eyeman's Initiative 747 instituted a 1% annual cap on property tax levy increases. In 2006, I-747 was declared unconstitutional in Washington State Superior Court for King County. This decision was appealed and arguments were heard in Washington's Supreme Court this May. In the meantime, Democratic legislators, including my Representative Pat Sullivan, have been introducing bills to reinstate this tax limit. See David Goldstein's piece from March of this year:
Please Don't Feed the Tim.
A 1% cap on property tax is, in fact, a tax cut -- as this is below the rate of inflation. It has regressive impact in a state with already seriously regressive tax structure. It has serious negative impact on rural areas especially, which depend more on these funds. It starves the funding for public services and infrastructure.*
Andrew Villenueve at Northwest Progressive Institute reports this morning that the state Supreme Court has upheld the Superior Court and I-747 is now officially dead. Here's the article, which outlines the legal reasoning: BREAKING: VICTORY! WA Supreme Court declares Eyman's I-747 unconstitutional
*Corrected, 11/14. See story and discussion at Postman on Politics:
Not everyone happy to see Dems back tax limit