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File #: 2020-0249    Version:
Type: Motion Status: Passed
File created: 7/21/2020 In control: Committee of the Whole
On agenda: Final action: 9/1/2020
Enactment date: Enactment #: 15673
Title: A MOTION approving the implementation plan for investment of Puget Sound Taxpayer Accountability Account proceeds, in compliance with Motion 15492 and the 2019-2020 Biennial Budget Ordinance, Ordinance 18835, as amended by Ordinance 19022, Section 1, Proviso P1, as amended.
Sponsors: Joe McDermott
Indexes: Puget Sound, Taxes
Attachments: 1. Motion 15673, 2. 15. Amendment to 2020-0249, 3. A. Implementation Plan for Investment of Puget Sound Taxpayer Accountability Account Proceeds, August 25, 2020, 4. A. Version 2 Implementation Plan for Investment of Puget Sound Taxpayer Accountability Account Proceeds dated July 25, 2020, 5. A. Implementation Plan for Investment of Puget Sound Taxpayer Accountability Account Proceeds July 9, 2020, 6. 2020-0249 transmittal letter, 7. 2020-0249_PSTAA_SR-7-28.docx, 8. ATT3. ELF Workgroup Membership.docx, 9. ATT4. Promise Workgroup Membership.docx, 10. ATT5. REC Membership.docx, 11. 2020-0249 Written comment.pdf, 12. 2020-0249_SR_PSTAA_8-25.docx, 13. 2020-0249 AMD2.docx, 14. 2020-0249 ATT2A REVISED Implementation Plan for Investment of PSTAA Proceeds 8-25.docx, 15. 2020-0249 ATT3 ELF Workgroup Membership.docx, 16. 2020-0249 ATT4 Promise Workgroup Membership.docx, 17. 2020-0249 ATT5 REC Membership.docx, 18. 2020-0249 ATT7 Redline - Implementation Plan for Investment of PSTAA Proceeds 8-25.docx, 19. 2020-0249_ATT2_Amendment 1.docx, 20. 2020-0249_Rev SR_PSTAA_8-25_.docx
Related files: 2020-RPT0089
Staff: Hamacher, Patrick
title
A MOTION approving the implementation plan for investment of Puget Sound Taxpayer Accountability Account proceeds, in compliance with Motion 15492 and the 2019-2020 Biennial Budget Ordinance, Ordinance 18835, as amended by Ordinance 19022, Section 1, Proviso P1, as amended.
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WHEREAS, as of April 27, 2020, King County is projected to receive approximately three hundred eighteen million dollars from the Puget Sound Taxpayer Accountability Account between 2020 and 2035, and
WHEREAS, the King County council passed Motion 15029, which directed council staff to work with a consultant, executive staff and stakeholders to develop an implementation plan for Puget Sound Taxpayer Accountability Account proceeds and to explore the educational needs for students in King County and the impacts of different strategies to meet those educational needs as well as a financial analysis of those strategies, and
WHEREAS, the educational needs assessment and impact assessment of nine different strategies were completed on November 5, 2018, and the financial analysis was completed on May 20, 2019, and
WHEREAS, council staff undertook further community engagement work with executive staff and a consultant by conducting fourteen subject matter expert interviews and facilitating twenty-one community listening sessions throughout King County from March 14, 20l9, to May 17, 2019, and
WHEREAS, Motion 15492 established the intent to equitably invest Puget Sound Taxpayer Accountability Account proceeds in programs and facilities designed to improve educational outcomes for students in vulnerable and underserved populations, including: children and youth of color; children and youth from families at or below two hundred percent of the federal poverty level; children and youth who are homeless, in the foster care system, in the child welfare system or are at risk of being involved or involved in the juvenile justice system; children and youth with disabilities; children and youth...

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