Inslee proposes billions for housing, would need voter OK
2 years ago

Inslee proposes billions for housing, would need voter OK

Associated Press  

OLYMPIA, Wash. — Washington Gov. Jay Inslee proposed Wednesday that state spending during the next two years prioritize housing, including an effort to quickly build thousands of units that would require the OK from Washington voters. The governor hasn’t proposed any new tax increases but the budget reflects new sources of funding recently passed by lawmakers: a capital-gains tax and revenues raised by a cap-and-invest program to curb greenhouse-gas emissions. To address the growing lack of affordable housing and number of people experiencing homelessness, Inslee is proposing the state raise $4 billion by issuing bonds outside the state’s debt limit. “Unfortunately, we no longer have the influx of federal funding we are using today to quickly build thousands of new supportive housing units for people experiencing homelessness,” Inslee said in a statement.

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