21/11/2024 | Press release | Distributed by Public on 22/11/2024 04:20
Councilmember Cathy Moore (District 5) released the following statement after the City Council adopted the 2025-26 City of Seattle budget, and endorsed the 2026 budget:
"Affordable housing, public safety, human services and addressing homelessness are critically important to District 5 residents and Seattle as a whole," said Councilmember Moore. "As the District 5 councilmember, I zealously advocated for and secured the following funding in the final 2025-2026 budget."
Key victories include:
Housing
Human Services/Homelessness
$350,000 for the creation of a seasonal winter shelter in District 5 open from November through March.
Public Safety
2025 Legislative Priority
"My legislation to create a local 2% capital gains excise tax on stock and bond profits over $262,000, and a second bill to use the excise tax proceeds to fund rental assistance, food assistance, and down payment assistance for low and middle-income home ownership unfortunately failed. As a number of councilmembers stated the legislation needed more work or that it was the 'right tax at the wrong time,' I will be bringing this legislation back in early 2025 for additional work and consideration," added Councilmember Moore.
# # #