The Council will continue to debate (and possibly act on) how best to prioritize funding from the Puget Sound Taxpayer Accountability Account (PSTAA) – a roughly $318 million education funding package authorized by the state legislature – to be spent over the next 15 years on improving educational outcomes in the county.
Legislation authorizing the County to access funding for affordable housing as authorized by the state legislature via HB 1406 was expedited out of the Budget & Fiscal Management Committee this morning for action by full Council tomorrow. This will allow King County to receive a portion of the state’s sales and use tax rate – that would have otherwise gone to the state general fund – for new units of affordable housing and operations/maintenance of the new units serving persons with income at or below 60% area median income (AMI). In 2018, The Regional Affordable Housing Task Force, a collaborative effort between King County and cities which was co-chaired by Councilmember Balducci, concluded that 244,000 new units of housing are needed in King County by 2040 to address the affordable housing crisis.
WHERE: King County Courthouse, 10th Floor Chambers, 516 Third Avenue, Seattle, WA
WHEN: Wednesday, Aug. 28th at 9:30 a.m.
The above is a press release from the King County Council. The Auburn Examiner has not independently verified its contents.
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