Bainbridge Island eyes raising sales tax for affordable housing
BAINBRIDGE ISLAND City leaders are looking at raising the citys sales tax to fund affordable housing projects a measure that would need voter approval.
At a Bainbridge Island City Council meeting Tuesday, a majority of members expressed general support for putting a sales tax on the ballot, though they stressed discussion is still in its early stages.
The proposed 0.1% sales tax would net Bainbridge around $500,000 per year for affordable housing, according to the citys finance department. The money would be targeted for affordable housing projects assisting low-income households, either through constructing new facilities or funding operations and maintenance costs for new units.
I think we all agree that affordable housing is a true issue (and) a real crisis in our community, Councilman Kol Medina said at the meeting. And the only way to make a real dent in it is with land and money
. This is the best way for our community to potentially get some money in our system.
https://www.msn.com/en-us/news/us/while-other-cities-rely-on-state-funds-bainbridge-island-eyes-raising-sales-tax-for-affordable-housing/ar-BBZuWhz?ocid=hplocalnews