Since 2001, after voters passed Initiative 747, city and local governments have only been able to raise property taxes 1% a year. But a bill in Olympia would raise that cap to 3%. Senate Bill 5770 is awaiting a floor vote on the Senate. City and county officials are requesting the increase. King County councilmember Girmay Zahilay told lawmakers during a public hearing in January that their budgets cannot keep up with inflation and population growth with 1% property tax increases. “Without SB 5770, our general fund will face some of the deepest cuts we’ve seen in decades,” said Zahilay. READ MORE: https://www.king5.com/article/news/politics/state-politics/new-bill-could-boost-local-cap-washington-property-taxes/281-b3c231c2-bc2c-4e18-a9e5-712967d6bbca