As previously stated in our February 20th update, three initiatives were going to be heard in public hearings before the Washington State legislator. That left three initiatives unsettled. 

Those first three initiatives were heard and both the House and the Senate subsequently passed all three initiatives. This action automatically passes the initiatives into law.

​What’s next for the other three initiatives?

Initiative 2117, known as the “Prohibit Carbon Tax Credit Trading and Repeal Carbon Cap-and-Invest Program Measure” would prohibit state agencies from implementing any cap and trade or cap and tax programs. Additionally, it seeks to repeal the 2021 Washington Climate Commitment Act (CCA), which established a cap and invest program aimed at reducing greenhouse gas emissions by 95% by 2050. The CCA's program incentivized businesses to lower emissions by allowing them to sell remaining carbon emission allowances to other companies.

Initiative 2124, pertains to state long-term care insurance. The measure proposes that employees and self-employed individuals must actively choose to retain coverage under RCW 50B.04, with the option to opt out at any time. Additionally, it seeks to repeal an existing law related to exemptions for employees. The initiative aims to provide consumer choice regarding long-term care insurance and addresses concerns about affordability, adequacy, and solvency of the current program.

Initiative 2109, a citizens’ initiative, seeks to safeguard economic freedom by repealing the controversial capital gains income tax imposed by lawmakers in 2021. This tax, which disproportionately affects individuals with annual capital gains exceeding $250,000, has been widely criticized as unconstitutional and burdensome. By voting in favor of I-2109, Washington residents can encourage investment, protect small businesses, and ensure that hardworking taxpayers retain more of their earnings.
Each of these three initiatives will appear on the November general ballot. If these initiatives are passed the initiatives become law. 

Thanks to everyone who attended or presented at our first Small Business Resource Fair on March 6. We hope that you left with some valuable new connections!

​Transit-Oriented Development (TOD) is a type of urban development that maximizes the amount of residential, business, and leisure space within walking distance of public transport. In Washington State, TOD is seen as a key solution to the state's massive housing shortage.

Recent bills introduced into the Washington State legislature would limit a city or county’s ability to enact or enforce new development regulations within certain transit hub parameters. They would also require a certain percentage of new units be set aside as affordable housing. Counties and cities would also face additional restrictions on parking requirements.

As for affordable housing, TOD can indeed contribute to it. However, it's important to note that while TOD can drive up property prices and accelerate gentrification, this can be offset by allocating a significant portion of the new development to affordable housing. When low-income households are priced out of TOD areas, the cost savings of living in a more affordable area can be offset by higher transportation expenses associated with automobile dependency. Therefore, the inclusion of affordable housing in TOD is crucial to ensure that the benefits of such developments are accessible to residents of all income levels.

The most recent bill before the Washinton State legislature (E2SHB 2160) is currently in the Senate Ways & Means Committee waiting for a chance at the Senate floor.  There is only about a week for the bill to proceed.