Sound Transit might lose$2.3 billion.Sound Transit Last week, the Washington State Legislature authorized a costs that could change the way cars and truck tab taxes are computed and at the same time cost Sound Transit somewhere between $780 million and $2.3 billion. That chunk of funding is little relative to the $54 billion total of the Sound Transit 3 package approved in 2016. But it’s who approved the cut that has transit advocates fuming.
Democrats control both the state Home and Senate. The House authorized the costs and Senate management has assured to follow suit. Transit supporters are questioning why Democrats are revealing up at the table having will eventually expand light rail to Ballard, West Seattle, and throughout the region. Big businesses like Microsoft and Amazon were among the pro-ST3 campaign’s top contributors. Microsoft alone offered $300,000 to the project. Vehicle tabs are among the financing sources for the light rail tasks included in ST3. The formula utilized to compute those tab costs pumps up the value of some cars.
“Providing the complete ST3 strategy approved by voters is critically essential to movement in our state, especially in giving more Puget Noise citizens a dependable, affordable alternative to get between where they live and where they work,” the Chamber writes. “Any efforts to make changes to the MVET valuation schedule need to also include mechanisms to offset any resulting financing lost for Sound Transit 3 projects.” (MVET or Motor Lorry Import Tax is another name for the car tab fee.)
After passing the state Home, the expense will now go to the Senate Transportation Committee. Some Home Democrats are prompting senators to discover cash to backfill the loss to Noise Transit.