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Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

Now the city is using the surplus to help close major gaps in its budget. The JumpStart funds aren’t earmarked for particular programs but the General Fund pays for a variety of city services. . On top of that, the city released estimates in November that predict a net decreases of $64 million in the Real Estate Excise Tax, $9.4

Budget 83
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Seattle evaluating its own capital gains tax following new state law

GeekWire

” Mosqueda, also the city council’s budget chair, said she is not considering pursuing a capital gains tax ordinance independently. “If you are looking for a local jurisdiction that does not impose a net income tax, but does tax capital gains, I don’t have an example.”

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Biotech industry leaders share cautious optimism for 2023 amid downturn and layoffs

GeekWire

Earlier companies are considering fewer development programs and having a slower ramp on hiring. Everyone is budgeting 50% longer to raise their rounds,” said Canestaro. Neoleukin Therapeutics recently shed staff in the wake of disappointing clinical data for its lead program, for example. Sonoma Photo). Phase Photo).

Industry 105
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Top Stories of 2020: How the events of this year upended the worlds of tech, science and more

GeekWire

Implosion of the global travel industry, restaurants, traditional retail, events businesses and others sectors that relied on physical interaction, and didn’t have a digital strategy as a safety net. Economic alternative universes — the stock market and residential real estate boom while many Americans struggle to make ends meet. .

Microsoft 133