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Washington Budget Negotiations Amid Soaring Gas Prices

Washington Budget Negotiations Amid Soaring Gas Prices

Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 11, 20261m 56s

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Show Notes

Washington State Lawmakers Grapple with Budget Amid Soaring Gas Prices and Economic Uncertainty

Washington lawmakers are racing to finalize the state budget by Thursday, as gas prices surge due to Middle East tensions. Drivers are paying an average of $4.69 per gallon, a 16% increase from last month. The states high fuel costs, exacerbated by international conflicts and federal policies, are straining household budgets and potentially reducing sales tax revenue. Lawmakers express frustration over constant volatility, with a $2.3 billion shortfall partly due to at-risk federal funds and increased state costs. While recent forecasts show promise, risks like tariffs and slowing construction could lead to a mild downturn. As the Senate debates the budget, Democrats favor using reserves, while Republicans advocate for deeper spending cuts.

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