November 6, 2015
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"The I-122 initiative — also known as “Honest Elections Seattle” — passed with 60 percent of votes cast. The initiative provides $100 in “Democracy Vouchers” for each of Seattle’s 400,000-plus registered voters, meaning that ordinary voters can counter corporate influence on elections by up to $40 million in a given cycle. The funding for the vouchers comes from an $8 property tax levied on homes worth $400,000 or more.
but I-122 does more than just provide public campaign financing — I-122 also prohibits corporations that do more than $250,000 in annual business with the city from donating to local political campaigns. It also outright bans all donations from corporations that put more than $5,000 a year into lobbying elected officials.
Voters in Seattle have good reason to demand publicly-financed elections, given the disproportionate influence corporate donors have won through campaign donations and lobbying. As Occupy.com reported, Mayor Ed Murray’s 2013 campaign asked for and received the maximum allowed donation from Microsoft. After Murray won the election, Microsoft was awarded a $46,000 contract to provide tech support for Murray’s transition team."
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