JumpStart revenues for 2024 came in $47 million lower than projected. This should not be a surprise; the payroll expense tax is a robust and progressive revenue source but it’s also volatile. 🧵seattletimes.com/seattle-news/p… That’s why JumpStart was originally intended primarily for capital projects like affordable housing, not to fund ongoing operations that depend on stable funding from year to year. This is one reason why Harrell’s approach to last year’s budget process was short-sighted: