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Political Economy

New revenue would boost state GDP, add 66,000 new jobs

New analysis released by Washington State Budget and Policy Center shows that funding new community investments by raising equitable revenue through increased taxes on the...Read More

State support for businesses and the economy

Yesterday Gov. Inslee announced the formation of the Washington Recovery Group. This is “a new state effort to help communities recover from the social and economic...Read More

With I-976, transportation revenues were already expected to decline from 2017–19 to 2019–21. The recession is expected to deepen that decline.

Operating budget revenues are still expected to increase from 2017–19 to 2019–21, despite the impacts of the recession. Transportation revenues are not. Even before the current...Read More

Legislators respond with optimism and caution to increased revenue projection

Washington’s projected Near General Fund revenue collections for the 2019–21 state budget and Near General Fund forecast for the next biennium (2021–23) are headed in...Read More

Agencies outline spending priorities and potential cuts in operating budget proposals

State agencies and higher education institutions submitted their 2021-23 operating budget requests to the Office of Financial Management (OFM) last week outlining priorities for spending...Read More

Washington Research Council: Spending cuts weren’t the only budgetary response to the Great Recession

“The Legislature actually increased spending in the 2008 supplemental budget—even after revenues began to decline,” wrote Emily Makings of the Washington Research Council (WRC) in...Read More

Sen. Joe Nguyen calls on Legislature to reject austerity measures

Senator Joe Nguyen of the 34th Legislative District (White Center) has launched a petition calling for the State Legislature and Governor’s office to reject an...Read More

A cash deficit in the GFS is expected this month; could mean double-digit across-the-board cuts

The Office of Financial Management (OFM) estimates that the general fund–state (GFS) will be in cash deficit this month. Jason Mercier of the Washington Policy...Read More

An intersectional perspective on economic recovery

The bipartisan Senate Special Committee on Economic Recovery (SCER) convened its second hearing this week. In the first hearing, conducted on June 16th, economists and...Read More

Economic uncertainty underpins state treasurer’s race

First-term State Treasurer Duane Davidson, one of two Republican statewide officeholders in Washington State, is facing a challenge from Rep. Mike Pellicciotti, a Democratic state...Read More