Draft Finance Plan 201-2023-2018_11_13_SM_7c_supp_Page_36

Presentation slide (page 36) explaining the background of the Industrial Development District (IDD) Levy, noting that a port can levy property tax within an IDD in addition to regular property tax, and that the Port of Seattle implemented its first round of the levy in 1963. The purpose of the levy is to provide for harbor improvements or industrial development of marginal lands, including areas of poor planning or declining tax receipts.
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