Tuesday is Special Election Day with Seattle votes on Social Housing and school funding
Seattle's Special Election on February 10, 2025, presents voters with crucial decisions on social housing and school funding, with current turnout just over 15%, a stark contrast to the 85% during the presidential election. Voters will weigh two significant propositions regarding social housing; Initiative 137 aims to implement a 5% payroll tax on companies exceeding $1 million in annual compensation, potentially generating $50 million annually for a new Social Housing Developer. Conversely, the Seattle City Council proposes a more conservative approach, reallocating $10 million from existing affordable housing funds without introducing new taxes. Additionally, voters will consider replacing two expiring levies for Seattle Public Schools, which are critical for maintaining faculty salaries and constructing new facilities. The proposed operations levy seeks $747 million, while the capital levy would require approximately $1.
8 billion. This election occurs amidst heightened scrutiny of the Seattle school district's decisions, particularly regarding recent school closures, which have drawn public criticism. The looming state-imposed cap on property tax revenues also complicates local budgeting efforts. As the year progresses, Seattle's political landscape is likely to see increased engagement from voters, setting the stage for even more significant local elections.