(The Center Square) – Residents in King, Pierce and Snohomish counties will pay more in property taxes next year, as the Sound Transit Board of Directors has approved a 1% property tax increase as the agency faces an estimated more than $30 billion in cost overruns on its Sound Transit 3 expansion projects.
Sound Transit can raise property taxes without voter approval because it is authorized to implement a statutory 1% annual increase to its property tax levy, which voters approved as part of the 2016 ST3 ballot measure.
The Sound Transit Board of Directors approved the tax increase on Thursday with 15 affirmative votes. There was no discussion amongst the board prior to the vote…