Washington State Passes $80B Budget with New Tax
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Washington state lawmakers concluded their legislative session with a $80.2 billion supplemental operating budget, addressing a $2 billion shortfall. The budget includes a new 9.9% tax on high earners, targeted cuts, and one-time revenue shifts. It also allocates $880 million from the rainy day fund, $889 million for capital projects, and $16.6 billion for transportation. The income tax faces opposition from Republicans, who argue its unconstitutional, while Democrats highlight benefits for low-income families. The budget also includes measures responding to federal policies. Despite expected legal challenges, Governor Ferguson plans to sign the tax bill, and future revenue forecasts will shape next years budget. The session ends with turnover, leaving tax debates unresolved.
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