Kevin Wallace’s Post

View profile for Kevin Wallace, graphic

President at Wallace Properties

“The $37 million overhaul of the structure is fully funded by the King County parks levy, Amazon, money from the state’s sale of carbon credits, Bellevue and Kaiser Permanente.” My thanks to Amazon, Kaiser Permanente and the guy in Asotin County that filled up his gas tank to pay for our bridge in Bellevue. I’m grateful for the voluntary private-sector contributions, and voters chose to support the parks levies in King County and Bellevue, but the Climate Commitment Act doubled the gas tax for the purpose of reducing carbon emissions and achieving the State’s goal of reaching net zero by 2050. The gas tax proceeds have created a multi-blllion dollar slush fund, and the money is being spent on projects that have as much to do with political graft as they do with reducing carbon emissions. It cannot be credibly argued that funding the restoration of a railroad trestle into a bike bridge is key to achieving net zero carbon emissions. And this project is not unique. See the link to the CCA’s current project funding list in the comments. We are only in Period 1 of the CCA. Starting in 2027, and every four years after that, the gas tax increases go up, and up, and up. If you agree that this is not the right path, I-2117 is the solution. Please vote this November.

Key part of Eastside’s trail system begins construction in Bellevue - The Seattle Times

Key part of Eastside’s trail system begins construction in Bellevue - The Seattle Times

replica.seattletimes.com

Tim Shoultz

CEO at SMARTCAP | Championing Trust & Transparent Real Estate Investing!

6mo

Borrowing from the energy code update strategy. Everything three years it automatically gets more strict at huge cost. This March the EV requirement added $1MM in cost alone to our industrial building developments. Not to mention the fact we have to build our assets ‘solar ready’ now.

Lewis M.

Helping You Turn Your Financial Dreams into Reality - I help business owners/executives pay less in taxes and live financially free.

6mo

Or the farmer in Grant County harvesting potatoes, the orchardist in Yakima Valley growing cherries, or the truck driver taking those goods across the mountains to our local stores. In other words, these costs get passed on to us not just in higher taxes but higher cost of goods, i.e. inflationary. But hey, all hail the religion of climate change.

thank you for posting this... THIS should have been the lightrail link...

Aaron Laing

Commercial Account Executive - Real Estate & Construction

6mo

Kevin, the problem with your advocacy is that it is supported by facts, data and logic. Can’t we just make emotional, philosophical policy decisions and feel (smugly) good about knowing intuitively we’re doing the right thing?

Mark Rigos

City of North Bend Deputy City Administrator / Public Works Director

6mo

I have some carbon credit needs so don’t keep them all in Bellevue.

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