Downtown Seattle lost 30,000 jobs, billions in office value since 2020 payroll tax: new report finds

A new report from Downtown Seattle Association (DSA) claimed that Seattle lost thousands of jobs and significant property value in the years since implementing the "JumpStart" payroll tax in 2020. Monday's report compared Seattle's status with its neighboring city, Bellevue, which has no comparable payroll tax or social housing tax, and found that while Seattle's workforce and property values have shrunk, Bellevue's has remained resilient. "[S]ince 2020, what we have seen in downtown Seattle is