Bellevue Blitz Roundup: State Budget Revenue Proposals; Men’s Homeless Shelter Due Diligence; Changes to I-90 center lanes; Temporary closure of 114th Avenue
State Budget Revenue Proposals
As reported in this week’s edition of #TheBizVoice, the WA State Legislature is considering two competing budget proposals. On the revenue side, the Senate Majority Coalition Caucus is proposing a new statewide uniform property tax or “local effort levy” of $1.55 per 1,000.00 A/V, to fund basic education. This would replace all current local school levies in support of basic education; residents of the Bellevue School District would see their rate increased thirty cents from $1.25 to $1.55 per $1,000.00 A/V.
The House has its own proposal, relying on new sources of revenue to pay for basic education, as well as human services. Here’s a summary of the details:
- B&O Tax increase of 20% for businesses with taxable income over $ 250 K, an exemption for less than $250 K and $1000 deduction for $250 to $500 K;
- Capital Gains Tax of 7% on sale of securities above $25 K for individuals, $50 K for couples filing jointly;
- Graduated Real Estate Excise Tax rate of .75% for home with less than $250 K value, 1.28% for homes priced $250 K to $1.0 million, 2.0% for $1 to $5 million, and 2.5% for above $5 million.
Take a deeper dive with the latest report by the WA Research Council.
Men’s Homeless Shelter Due Diligence
For the past year, we’ve been following the proposal to build a new men’s homeless shelter and transitional housing facility in Bellevue. The primary site currently under consideration is at 14350 SE Eastgate Way – immediately adjacent to the Eastgate Park and Ride Lot.
Council will review due diligence reports as prepared by staff, at the Regular Study Session on Monday, April 3, 6 PM at City Hall. You can watch the discussion on Bellevue TV Channel 21 or via live streaming.
Changes to I-90 center roadway
Sound Transit has announced that it is on track to close the I-90 center roadway in June, making it available for conversion to light rail operations. In order to make this deadline, crews must first complete the addition of new HOV lanes in the either direction, on the outer roadway of the bridge deck between Mercer Island and Seattle.
Consequently, motorists should be prepared for partial center roadway closures on the following weekends:
- April 7–10 (eastbound)
- April 21–24 (westbound)
- May 5–8 (westbound)
- May 12–15 (eastbound)
Temporary closure of 114th Avenue
After nearly three months of continuing operations, 114th Avenue will once again be closed in both directions between SE 6th and SE 8th for utility work. The closure is scheduled to begin on April 10 and continue for two weeks.
For a view from the ground, take a look at the map located on the project website.