The Green Sheet for Feb. 23 – Budget Signings, Revenue Forecasts, Oil Trains & More

The legislative session cleared its first major hurdle Friday with the deadline for policy bills having to make it out of committee. The headlines for last week were dominated by the final revenue forecast before the House puts its finishing touches on its budget proposal, showing the state will have an extra $250 million to

New General Fund–State Revenue Forecast: Up $129.4 Million for 2015–17 Biennium

The state Economic and Revenue Forecast Council (ERFC) held its quarterly meeting on February 20. The forecast of general fund–state revenue for the current biennium (2013–15) increased by $106.8 million to $33,546.6 million. The forecast of general fund-state revenue for the upcoming biennium (2015–17) increased by $129.4 million to $36,448.9 million.

In Spending Packages, Reform-Minded Senate Republicans See Chance to Overhaul State Government

In the unveiling of their $15 billion transportation package proposal that featured support from two Democratic Senators last week, Republicans in the Senate held true to a theme they’ve reiterated since the election last fall, and years before that: reform measures in exchange for revenue. In all, eight policy proposals were included that would overhaul everything

What Zombies? A Response to an Op-Ed That Itself Seems Lifeless

The truth is that the proposed new excise tax on capital gains is a great solution to preserving and investing in vital community services in Washington state—services like education, health care, child care, and opportunities to pursue higher education at a community college or university.

Guest: Gov. Inslee’s Capital-Gains Tax Idea Is Dead on Arrival

While state and local taxes in Washington are more regressive than the average state, the state tax-reform committee in 2002 reported, “When federal income taxes are added, the total tax burden in Washington is progressive.” The capitol gains tax would be a mistake. It would have a negligible impact on tax fairness. It would risk driving investment out of state.