Although legislators were initially anticipating a strong economic forecast for the year, COVID-19 has largely upended the economy and threatened many of our state and local revenue sources. Governor Inslee’s post-session vetoes were largely informed by the anticipation of an economic recession—hence, many of the bills that provided new funding did not pass.
There are several bills impacting city finance that will take effect within the next month:
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Bill #
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Description
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Status
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HB 2230/
SB 6080
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Expands tribal property tax exemption to include property used for economic development
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Governor signed. Effective June 11, 2020.
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HB 2508/
SB 6481
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Authorizes city-owned utilities to donate low-value surplus value property
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Governor signed. Effective June 11, 2020.
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SB 6592
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Increases tourism promotion area funding and establishes additional oversight
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Governor signed. Effective June 11, 2020.
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HB 1948/
SB 5862
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Provides mitigation payments for the support of manufacturing and job centers in manufacturing and warehousing communities negatively impacted by the Streamlined Sales and Use Tax
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Governor vetoed.
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