Kind of a Robin Hood in Reverse robbing from the public, many of whom are just making ends meet or are on fixed incomes, to give to wealthy developers. Every incremental tax increase puts more people on lower or fixed incomes closer to not being able to stay in their homes because property taxes are too high. Higher property taxes also get shifted to renters in higher rents. The City of Olympia says it is concerned about affordable housing, but actions speak louder than words. And they always give breaks to developers. Additionally, in the works the City plans to spend million to defend Downtown from sea level rise. It looks as if they will make the public foot the bill to defend all those fancy Downtown apartments that just got the MFTE.
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