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City Votes to Pool New Sales Taxes with Regional Partners

At the city council meeting on Monday, April 12th, 2021, a resolution was put forward to pool the 0.1% sales tax for housing with regional partners. This new source of revenue was recently implemented by the state, and local governments began making arrangements for using the funds last year. The resolution to share with SKHHP was concurred and passed by the council unanimously.

One strategy to use these funds is to see our regional partners in SKHHP pool the funding, which the city looks to be heading towards. The 0.1% sales tax would generate an estimated $236,000/year for programs, according to the city, which could be used by the Renton Housing Authority (RHA), shared with SKHHP, or used with the county’s housing and sheltering programs, or a combination thereof. A plan by the county to use the funding for high-impact shelters was overriden by the council in October. Some of the city councilmembers expressed optimism that this new revenue might bolster planned works by the RHA, a municipal housing organization dating back to the New Deal era under the National Housing for Defense Act of 1940, sometimes called the Lanham Act.

Under the resolution, a future interlocal agreement can be made by the City of Renton as well as a companion agreement with the SKHHP partners. The cities that currently participate are Auburn, Burien, Covington, Des Moines, Federal Way, Kent, Normandy Park, and Tukwila.

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