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JumpStart Tax

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Mayor Wilson’s $9.1B Seattle Budget Spares Employers a JumpStart Hike, Tightens the Screws on Apartment Fees

Mayor Katie B. Wilson's first proposed budget closes an inherited $175 million General Fund gap through spending cuts rather than a JumpStart payroll...

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Formation Report Pinpoints Seattle-Bellevue Tax Gap as Prime Driver of Eastside Office Migration

Formation's assessment of Seattle's economy models a per-engineer tax gap of $10,000 to $30,000 a year between Seattle and neighboring Bellevue, offering a...

Seattle skyline from Lake Union
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Formation Report Warns Seattle’s Office Vacancy and Tax Base Are Locked in a Downward Spiral

A new independent assessment of Seattle's economy finds the city's record office vacancy and its reliance on a handful of tech employers for...

Sunny Cityscape- Downtown Seattle from Highway Interchange South
CommercialFeaturedIndustry NewsLeasingRetail

Seattle Economic Development Chief Signals Retreat From JumpStart Tax Expansion as Downtown Vacancy Tops 30%

Seattle’s new economic development director, Beto Yarce, says the city is exploring revenue options other than expanding its JumpStart payroll tax, even as...

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Downtown Seattle Association Report Blames JumpStart Payroll Tax for Downtown’s Decline as Backers Defend $388MM Revenue Engine

A new Downtown Seattle Association report argues that Seattle’s five-year-old JumpStart payroll tax has helped push jobs, employers and office value across Lake...

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