November 08, 2005
Fifth Time Is the Charm

After four pro-monorail votes, the voters are turning against the monorail in the fifth vote. With the early absentees and six percent of the precincts counted, Proposition 1 (which would continue the monorail) is losing badly: 33% yes, 67% no. Both anti-monorail candidates for the board are leading against the pro-monorail incumbents by double-digit margins. Proposition 2, which would convert the board to majority-elected, is also passing handily. All the numbers can be seen at King County's Seattle elections results page (page 2).

If these early results hold up, the question becomes how to shut down the monorail project. I am in favor of selling the property the agency has acquired so that its debt can be paid off as soon as possible. I would also like to see a timetable for ending the motor vehicle excise tax. Given that the tax base for vehicles is fairly steady, an end date should be easy to give.

I have been in conversations with transportation activists who would like to see the tax continue, but to be spent on other projects. While Seattle needs money for road repairs, to replace the viaduct and to expand bus service, it would be a mistake to continue the current tax, which was approved by the voters for the express purpose of building a monorail. Keeping the tax for another purpose would be a betrayal.

Posted by Andy MacDonald at November 08, 2005 10:02 PM | Email This
Comments
1. RTID will hoover-up Monorail's MVET (thank you very much).

Posted by: Joe SIxpack on November 8, 2005 10:17 PM
2. DIE DIE DIE

Thank God.


Stupid Seattle voters - you asked for it and you got it. Be thankful you were able to stop this train wreck before it really cost you - and the region.

Posted by: Eric on November 8, 2005 10:22 PM
3. Wasn't this a project specific tax? Wouldn't it be illegal or unethical to keep the tax and just use it elsewhere? But then, when has that ever stopped local politicians.

Posted by: dl on November 8, 2005 10:24 PM
4. I in principle have no aversion to keeping the motor vehicle excise tax in place. Provided that we VOTE for what it would be spent on and make it not specific to the monorail in that vote. If they propose a selection of projects that solves problems effeciently I am happy to leave the tax intact. Otherwise hell yeah get rid of it.

Personally I would like to see the city of Seattle use that tax and pony up 700M for the Alaskan way Viaduct and 300M for 520 and a maybe couple of hundred million to the light rail project to take some of the cost away from those who won't use it. (Link is VERY popular in the city proper.) Do that and I suspect the rest of the three county metro region would be much more receptive to supporting those projects. Remember if 912 fails the city gets it's viaduct replacement, the money is there. Now they have to convince everyone of the need for a tunnel. If we Seattelites really want that tunnel throwing some money into the pot would greatly help convince others who get less benefit from a tunnel and simply need a solution that works and could care less about how pretty it is. (I hope we all at least agree that a quiet water front would be a nice thing!) And after that it would still leave several hundred million for the city use on fixing other problems such as NE 45 and the Backup @ Ballard that happens nearly every afternoon.

I think the city of Seattle needs to step up to the plate here rather than expecting the state to solve all of thier big problems (many of them self induced).

Posted by: Chokai on November 8, 2005 10:27 PM
5. SMP's tax was project specific but RTID has MVET authority too. If I've done my figurin' right, $110M in debt, $70M+ in properties and $20M in the bank puts net SMP debt at $20M. I'd predict payoff by May 31, 2007 (end of SMP fiscal year) with a lower rate levied for the remainder of the obligation.

Posted by: Joe Sixpack on November 8, 2005 10:29 PM
6. I guess the good news is that the people on the Monorail board can now be employed in projects that our 9.5 cent gas tax is going to.

Thanks Dan Sytman, a-hole.

And I think it is now time to get rid of WSRP and KCGOP leadership.

Posted by: Unicorn on November 8, 2005 10:31 PM
7. I hope you don't really actually think this tax is going away. Nickels has been salivating over that money since he announced his idiotic Tunnel of Love plan.

And, don't think that our elected bozos will worry about betraying voters by keeping the tax going. Sims betrayed everyone by keeping fraud alive in the elections office and Gregoire lied about her plan to raise taxes. Nevertheless, Sims is getting reelected and I-912 looks like it will loose.

Posted by: BananaLand (aka Iguana) on November 8, 2005 10:39 PM
8. I second Chokai.

Posted by: doc on November 8, 2005 11:04 PM
9. I think you're right on the money Unicorn. Obviously the current State GOP isn't cutting it. The people of this state want new taxes and like the policies of Sims? Guess so

Posted by: Melinda on November 8, 2005 11:07 PM
10. that was weird

Posted by: doc on November 8, 2005 11:15 PM
11. Andy, betrayal is no big deal for Seattle. It will be part of Nichol's legacy.

Posted by: South County on November 8, 2005 11:21 PM
12. Build a tall fence around Seattle. Be sure the razor-wire faces IN, to keep the taxpayer from escaping.

Posted by: Survivor on November 9, 2005 12:35 AM
13. Whatever you guys do, don't get rid of Chris Vance.

Personally, I love the fact you guys chose him as your cult leader. He alienated Big Business (your #1 sugar daddy) and he makes you guys feel good about yourselves by telling you what you want to hear.

I say keep him.

Posted by: AmazedByRightWingHate on November 9, 2005 02:49 AM
14. To the best of my knowledge the SMP MVET is specific to the project and can't be grabbed to finance anything else under state law.

If some dumbass tries to grab it there will be lawsuits both from the anti-tax folks and from remaining monorail supporters.

If Seattle wants a tax to pay for street improvements and the tunnel they best put something on the ballot.

Posted by: Chris Stefan on November 9, 2005 02:56 AM
15. Monorail is DEAD YEA!!

Posted by: Laurie on November 9, 2005 07:37 AM
16. Well the powers that be got what they wanted....most clever way to defeat the will of the voters ever seen...started by a true populist the Pols spent $200 million to corruptly line their pockets and then present an absurd funding plan so we would kill what we voted for. What a ride we were all taken on. Now sound transit has spent 50x as much has no "light rail" and has defeated its competition. As orginally proposed good as it is now yes DIE DIE DIE..but I hand it to Joel Horn and the Board...clever buddy real clever.

Posted by: Col. Hogan on November 9, 2005 08:18 AM
17. The top post on this thread need reiteration. RTID has exactly the same fundamental flaws as both SMP and ST -- an appointed board not accountable to the taxpayers that will be free to tax in perpetuity (mostly car tab taxes) for whatever projects, at whatever prices, that it may settle on AFTER it is given taxing power. PLUS ST will glom on to the RTID ballot measure, so the only way the tri-county region can vote to approve money for roads through RTID will be to approve more money going to ST. PLUS RTID will hold a gun to the voters heads in Nov. 2006 and say -- you must approve our new indefinite taxes, because if you do not the gas tax increase money will be reprioritized away from big projects in the region (like SR 99, 520, and 405).

RTID deserves the strongest opposition.

Posted by: oogie on November 9, 2005 09:12 AM
18. 1) Jim Nobles and Beth Goldberg need to immediately begin the procedure to shut the monorail down

2) SMTP needs to hire competent real estate experts to sell the property SMTP purchased. Given this well be a distress sale, it's important that SMTP recovers the purchase price.

3) Seattle has a serious wanker mentality. I would not be surprised if SMTP employees liquated SMTP assets at 20 cents on the dollar to spite Seattle voters for voting no on the monorail.

4) My understanding is the SMTP excise tax is strictly for the Monorail; however, I would not be surprised if Greg Nickels, Ron Sims, and Christine Gregaire try to hijack the MVET tax once the monorail is liquidated.

5) What did Warren Zevon sing?
Bring lawyers, guns, and money

Posted by: Green Lake Mark on November 9, 2005 10:08 AM
19. Today's Times reports that the Monorail Authority has spent $110 million on property and that the tax will have to continue to pay for the bonds used to buy the property.

Would it be too much to ask that they sell the property (no longer needed for the Monrail) to pay off the bonds? Or (and this must be too radical) let the property owners have their property back? Especially on the "sunked battleship" where title hasn'tpassed yet.

Naw, that would make sense. Never happen.

Posted by: Dick on November 9, 2005 02:39 PM
20. Today's Times reports that the Monorail Authority has spent $110 million on property and that the tax will have to continue to pay for the bonds used to buy the property.

Would it be too much to ask that they sell the property (no longer needed for the Monrail) to pay off the bonds? Or (and this must be too radical) let the property owners have their property back? Especially on the "sunked battleship" where title hasn'tpassed yet.

Naw, that would make sense. Never happen.

Posted by: Dick on November 9, 2005 02:39 PM
21. Today's Times reports that the Monorail Authority has spent $110 million on property and that the tax will have to continue to pay for the bonds used to buy the property.

Would it be too much to ask that they sell the property (no longer needed for the Monrail) to pay off the bonds? Or (and this must be too radical) let the property owners have their property back? Especially on the "sunken battleship" where title hasn't passed yet.

Naw, that would make sense. Never happen.

Posted by: Dick on November 9, 2005 02:40 PM
Post a comment
Name:


Email Address:


URL:


Comments:


Remember info?