Petition calls for taxing Olympia’s wealthiest households to create college fund

April 15, 2016 | Economic Opportunity Institute

opportunity for olympia logo[via The Olympian] A petition is circulating for a new ordinance that would tax Olympia’s wealthiest households to generate college tuition money for all local high school graduates.

Backed by a volunteer group called Opportunity for Olympia, the proposal calls for creating a 1.5 percent tax on household income in excess of $200,000. Organizers estimate about 750 households in Olympia city limits would be subject to the tax, which would raise about $2.5 million a year.

The petition needs 4,702 valid signatures by June 16 to qualify for the November general election ballot. If the law passes, every public high school graduate and GED recipient living inside Olympia’s boundaries would be eligible for money to pay for the first year of tuition at any community college, or an equivalent amount can be applied to tuition at any public university in Washington.

The Seattle-based Economic Opportunity Institute has provided the blueprint for Opportunity for Olympia.

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Posted in Education, Higher Education, Tax and Budget, Tax Reform

Comments

  1. Philip J Jones says:

    It would be helpful to be able to see a copy of the petition. I’m a retired CPA and worked for a time as a Arizona State Income Tax auditor. The information here and in the Olympian refers to “household income, without any information on how, for tax purposes, you define either “household, or “income.” These are absolutely critical pieces of information., If you could email a copy of the petition itself, or a link where it could be found, and your definitions of these two terms I would really appreciate it. Thanks. Phil Jones

    • Economic Opportunity Institute says:

      Hi Phil, thanks for your question. We’re not running the campaign, just providing policy advice/perspective, so I can’t provide you with a copy of the petition. You can visit the FAQ page for Opportunity for Olympia website here: http://opportunityforolympia.com/#learn-more, or send the campaign an email via their website and I’m sure they can get you more info. ~Aaron

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