Seattle Mayor's Transportation Plan Leans on Tax Hikes to Back Bonds

Cohen, Jackie
May 2006
Bond Buyer;5/25/2006, Vol. 356 Issue 32389, p3
Trade Publication
The article reports on the possibility of issuing up to 150 million-dollars in general obligation bonds in Seattle, Washington. This issuance could happen if Mayor Greg Nickels' proposed tax levy would be approved by voters. According to the mayor's 2006 transportation initiative, a total of 1.8 billion-dollars would be raised over 20 years through new taxes on real estate, fees at commercial parking lots and an annual charge to businesses.


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