Sound Transit Board Member and Auburn Mayor, Nancy Backus, explains why the mass transit agency's board isn't moving faster to change the MSRP formula they use to collect car tab (aka MVET) values which relies on an inflated value of vehicles. As KVI's John Carlson searches for remedies and answers about why Sound Transit continues to cling to the MSRP value for calculating car tab taxes on the $54 billion project, which was approved by voters in November of 2016, the interview intensifies.
Backus actually argues a different point about the concerns for car tab tax relief than St. Rep. Judy Clibborn (D-Mercer Island) did earlier in the week. When KVI's John Carlson interviewed Clibborn she said the car tab tax formula likely couldn't be changed because bonds had already been issued on the ST3 phase. However, today, Backus said, "we have a responsibility to move forward with what the voters approved. Now if there is an opportunity to change out the motor vehicle excise tax (MVET) for something else and it does not significantly delay or reduce the project that the voters approved, then we are certainly willing to look at that and we will do whatever we can. "