Many people assume that King County’s budget benefits from increasing property taxes, yet that’s not the case. A state law limits the amount of additional revenue that counties receive from property-tax increases to just 1 percent, except for revenue from new construction. That’s not enough to keep up with inflation and population growth.
In this brief video, Dwight Dively, Director of Performance, Budget & Strategy for King County, explains how counties have chronic revenue shortfalls even when the region’s economy is strong.
