The Washington State Legislature passed a 1% cap on property taxes that has been signed into law. I'm wondering what impact, if any, this may have on school funding in our area?
The reason I ask is that I saw a recent video pulled together by some friends of mine on California school funding.
While we are not California, I recently learned that they too have a 1% cap on property taxes. To help offset potential revenue shortfalls, they also have a minimum $ amount for schools as well.
Things that I do not know (but probably should)…