Innovation in Bridge Financing

The Chamber has reviewed the legislative digest of HB 3158, which provides funding for replacing a bridge so narrowly defined that it can only be the Murray Morgan Bridge (formerly City Waterway Bridge or 11th Street Bridge).

It appears to us that the proposed legislation takes the additional allocation of .2% sales tax allowed to be authorized by the City of Tacoma as a credit against the state's portion of the sales tax already existing.

Your thoughts on this interpretation are most welcome.