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I-1033 would put the brakes on runaway spending
Labeled the “Lower Property Tax Initiative,” I-1033 does not reduce the size of government. It simply ensures that government will grow at an affordable, sustainable, voter-controlled rate.
It will dedicate excess revenue toward reduce our state’s crushing property tax burden.
This key provision can be found in Section 1 of the proposed initiative.
The measure would limit the growth of state, county and city government revenue — unless the surplus is approved by the voters — to the prior year’s revenue collected and received, adjusted for inflation and population growth.
So basically, this means that voter-approved increases are excluded from this initiative. School districts, fire district and ports are all exempt.
Local levies are voted on to fund the aforementioned items.
Government will still grow, but at a sustainable rate.
The residents of Washington need protection against an ever-growing, out-of-control government that has increased spending by 33 percent in just the past four years.
The taxpayers of Washington deserve better than a government growing faster than our ability to pay for it.