It is disappointing that the city of Olympia seems to have so little concern about driving up our property taxes.
The Multi-family Property Tax Exemption forces all property owners to pay the taxes of wealthy developers for the first eight (or more) years of their buildings' existence, all the while the owners collect rents and their property values increase.
Reductions in development impact fees and utility connection fees force all of us to pay more taxes to build public facilities like streets, roads, and parks.
What ever happened to the concept that "growth should pay for growth"?
If these issues were put to a public vote, I'm sure that wealthy developers would be paying their own way.
Bob Jacobs
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