Drafter
Clerk 12/12/2017
Title
A MOTION stating the King County council's intent to develop an implementation plan to invest proceeds from the Puget Sound taxpayers' accountability account to improve educational outcomes in King County through investments in early learning programs; college and career training programs; and in programs that serve children and youth from low-income families or communities of color, or who are homeless, in the foster care system, in the child welfare system, involved in the juvenile justice system or otherwise vulnerable.
Body
"WHEREAS, the Washington state Legislature amended chapter 81.112 RCW via Second Engrossed Substitute Senate Bill 5987 in 2015 to create the Puget Sound taxpayer accountability account, and
WHEREAS, the Puget Sound taxpayer accountability account is to be funded by a sales and use tax offset fee of three and twenty-five one-hundredths percent of the total payments made by a regional transit authority to construction contractors on construction projects that are:
1. For new projects identified in the system plan funded by any proposition approved by voters after January 1, 2015; and
2. Excluded from the definition of retail sales under RCW 82.04.050(10), and
WHEREAS, on July 26, 2017, the King County council's committee of the whole held a special meeting in the city of Kent to discuss the account to hear from the public on this topic, and
WHEREAS, the King County council adopted Motion 14923 directed legislative department staff to prepare a report, in consultation with all councilmembers and the executive branch that provides strategies for how King County can engage stakeholders in a public process to determine how to use proceeds from Sound Transit 3 in the Puget Sound taxpayer accountability account, and
WHEREAS, between 2018 and 2035, King County is projected to receive approximately three hundred fifteen million dollars, and
WHEREAS, the proceeds are required by RCW 43.79.520 "for educa...

Click here for full text