Dear Olympia Taxpayers , I agree with all of the comments previously posted . The MFTE shifts corporate property taxes for 8 years away from the wealthy Developers to the rank and file remaining taxpayers in the Olympia taxation district . This is a unapproved tax levy proposal for market rate housing with no requirement for forcing wealthy speculators to build truly affordable housing for low income citizens of Olympia . This has happened because the majority of the Olympia city council and their sponsors the Chamber of Commerce /Master Builders/ Private Equity investors falsely believe that building more market rate gentrified housing will result in more more housing for low income families . If the Neo Liberals in the Olympia Council actually believed in low income housing ,there would have been a Mandatory 20% low income requirement build out included in the 8 year MFTE tax exempt zoning legislation ? Why not put the MFTE tax exempt legislation to a vote of the Citizens each time there are proposed expansions into new zoning areas ? In addition, honest financial disclosure of the true cost per year to each taxpayer not in mils per thousand but true total cost of the tax shift in dollars ? The property taxes each year added to the already high burden on must be accounted for because homeowners with a fixed incomes are already struggling to pay their property taxes each year. The increases to Property taxes should be voted upon as a annual tax levy proposal such as the School and Fire districts use to fund construction bond measures ? To do other wise as Bob Jacobs notes ,we have a Reverse Robin hood situation with Olympia City Council functioning as the Sheriff of Nottingham . Taxation without representation . Yours , Kim Dobson
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