On Tuesday, Sept. 6, 2016, the Lakewood City Council will conduct a public hearing on whether to support the Sound Transit 3 General Election ballot measure.
The Sound Transit Board approved the final ST3 package by a unanimous vote at their June 23, 2016 meeting. The package will be on the November 8, 2016 ballot for voter consideration as Proposition 1.
The total estimated cost for the package is $53.8 billion with a 25-year project timeline that concludes in the year 2041. If passed, starting in 2017, ST3 would increase:
- Sales tax by an additional 0.5 percent
- MVET by an additional 0.8 percent
- Property taxes by 25 cents per $1,000 assessed value.
If approved, Lakewood residents would contribute an additional $5.5 million in sales tax, $2.7 million in MVET, and $1.2 million in property tax for a total contribution of $9.5 million per year. This is in addition to the current $10 million in support of Sound Move and ST2 from Lakewood residents. The additional contribution to ST3 would bring the total contribution to over $20 million per year.
The Lakewood City Council passed resolution 1996-21 in support of Sound Move on June 17, 1996, six months after incorporation. The City Council did not consider a resolution when the ST2 initiative was put to the voters in 2008.
The Lakewood City Council meeting begins 7 p.m., at Lakewood City Hall, 6000 Main St. SW.Print This Post