It was about a year ago that we first started talking about the holes in the City of Tacoma's budget. Since then, we've seen the City Council increase taxes on the non-profit healthcare sector by about $1M per year.
Now the City Council is back to it again. After last week's compromise provision including a reduction in the B&O tax after two years was rejected by five councilmembers - a provision intended to give the City two years to help right its finances - they are expected to vote on the tax increase tonight.
In light of the ordinance as it stands today - quadrupling the B&O tax while targeting two businesses - the Chamber submitted the attached letter to the City Council yesterday.