Making sense of Washington’s multi-billion dollar budget hole

Dec 13, 2024 · Washington operates on a two-year budget. The current one ends June 30, …

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Democrats Weigh Wealth Tax As WA Is Billions In The Hole | FOX 13 …

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Dec 6, 2024 · "Unfortunately, it might be closer to $14 (billion) in the operating budget over the …

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With $10B Deficit Looming, WA Governor Calls On State Agencies To …

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Nov 15, 2024 · Washington Gov. Jay Inslee is warning of a budget deficit in excess of $10 …

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Elon Musk’s $2 Trillion In U.S. Budget Cuts Could Bring Economic ...

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Oct 29, 2024 · Musk’s plan to cut $2 trillion in U.S. spending could bring economic turmoil. …

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The $10 Billion Hole: Understanding WA Budget Challenge

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Dec 16, 2024 · Washington operates on a two-year budget. The current one ends June 30, …

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FAQs about Making sense of Washington’s multi-billion dollar budget hole Coupon?

Will Washington's next budget be balanced?

Washington operates on a two-year budget. The current one ends June 30, 2025 and it’s balanced. The next budget is not. Nor the one after that. That’s the multi-billion dollar challenge for state lawmakers and the next governor, Bob Ferguson, when the legislative session starts in January. This is not a total surprise. ...

Is Washington state's budget a chasm?

Washington state’s budget is, to put it nicely, in a world of hurt. There’s a big gap between what the state is collecting in taxes and what it needs to pay for its commitments in education, human services, health care, corrections and other day-to-day government operations. On paper, the chasm is billions of dollars wide. ...

Does Washington have a budget deficit?

Gov. Jay Inslee speaks to members of the press on Jan. 4, ahead of the 2024 Washington state legislative session. (Bill Lucia/Washington State Standard) Washington Gov. Jay Inslee is warning of a budget deficit in excess of $10 billion and calling on state agencies to pare spending now to deal with it. ...

What's in Washington State's final budget?

Republicans decry the approach. Washington Gov. Jay Inslee proposed his final state budget on Tuesday. It calls for a new wealth tax, an increase in business taxes, along with some programs and a closure of a women’s prison. The plan will be a starting point for state lawmakers in the 2025 legislative session. ...

How much money does Washington need to deliver state-funded programs?

Put another way, agencies need $10 billion to $12 billion — or more — to deliver state-funded programs already promised in the next two budget cycles. Washington operates on a two-year budget. The current one ends June 30, 2025 and it’s balanced. The next budget is not. Nor the one after that. ...

Will a budget make living in Washington less affordable?

“When the cost of doing business goes up, consumers feel it too,” Gildon said in a statement. “His budget would make living in Washington even less affordable.” Democratic state Sen. June Robinson, chair of the Senate Ways & Means Committee, called the proposal a “strong starting point” for work in the upper chamber. ...