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Washington municipalities adjusting to new tax limitation law. (News Briefs).(Brief Article)
A tax limitation measure passed by Washington voters in November is exacerbating the budget woes of the state's municipalities. Seattle officials estimate that Initiative 747, which limits property tax increases to 1 percent, will cost the city $8 million in the first year of its implementation. The city recently implemented a hiring freeze and is considering service reductions as it ...
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Source: HighBeam Research, Washington municipalities adjusting to new tax limitation law. (News...