Building an Economy that Works for Everyone

Straight Facts on I-933

  • Initiative 933 enables corporations and individuals to demand payment from the public to abide by land use and zoning regulations.
  • If state or local governments are unable or unwilling to make these payments, then Initiative 933 allows the grievants to violate land use and zoning regulations.
  • Waivers or compensation under Initiative 933 will be claimed by about 6000 property owners per year, amounting to nine-hundredths of one percent of Washington’s population.
  • Initiative 933 will cost between $1100 and $1400 per Washington resident for administration, claims processing, litigation, and transfer of value or cash to Initiative 933 claimants over six years.
  • Initiative 933’s mandated administration, claims processing, and transfer of value or cash totals between $7.4 billion and $9 billion. The bulk of the cost will be pay-offs or land value transfers to grievants, amounting to between $6.8 and $7.8 billion.
  • Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More To Read

May 24, 2024

Report: First Findings from the Legislature’s Wealth Tax Study

What the Department of Revenue has learned exploring wealth tax proposals from other states and countries

May 24, 2024

Why Seattle’s City Council is Considering Delivering Poverty Wages to Gig Workers

Due to corporate pressure, Seattle’s new PayUp ordinance might be rolled back just 6 months after taking effect

May 2, 2024

Baby Bonds: A Step Toward Racial and Economic Equity

The Washington Future Fund would bring this innovative, anti-racist policy to the Evergreen State