In an agreement between Democrats and Republicans, a new quarterly revenue forecast will now be released on Monday, rather than a month later in June. But some lawmakers weren’t optimistic Thursday that the expedited revenue forecast would produce good enough news to break a budget impasse between Senate Republicans and House Democrats.
The House Finance Committee held a hearing Wednesday on a revision of a dormant capital gains tax bill introduced three months ago by Rep. Laurie Jinkins, D-Tacoma. Single people making less than $25,000 a year in capital gains revenue and a couple making less than $50,000 annually from capital gains profits would be exempt.
A record-setting $17.8 million verdict against the state of Washington 15 years ago was expected to produce big changes in the system that cares for developmentally disabled adults. But in the decade-and-a-half since, DSHS has paid more than $30 million in new jury verdicts and settlement agreements. Each of the lawsuits exposed problems in how DSHS cares for vulnerable adults, yet the KING 5 Investigators found few improvements have been made.
Democrats say there will be an announcement on Monday of a “new approach” to Gov. Jay Inslee‘s proposed cap-and-trade plan, followed by hearings on the plan later in the week. Meanwhile, budget writers met this week for two days of budget “briefings,” but have yet to resolve more than 1,000 differences between the budgets passed by the Democrat-controlled House and the Republican majority Senate, according to Democratic legislative leaders.