- 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.
More To Read
September 24, 2024
Oregon and Washington: Different Tax Codes and Very Different Ballot Fights about Taxes this November
Structural differences in Oregon and Washington’s tax codes create the backdrop for very different conversations about taxes and fairness this fall
September 10, 2024
Big Corporations Merge. Patients Pay The Bill
An old story with predictable results.
September 6, 2024
Tax Loopholes for Big Tech Are Costing Washington Families
Subsidies for big corporations in our tax code come at a cost for college students and their families