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New revenue forecast brings welcome news

June 14, 2007 - The State's Economic and Revenue Forecast Council released good news today for Washington State--revenue projections for the 2005-07 and 2007-09 biennia have been increased by a combined $484 million. Today's news provides support for government investment in education, health care, and savings for a rainy day.

Washington State Ranks 36th in Levels of State and Local Taxation

May 22, 2007 - A Center policy brief analyzing a newly released United States Census Bureau data set of state and local taxation levels finds that in 2005 Washington State ranked in the bottom third of states in overall levels of state and local taxation, when measured as a percentage of personal income.

Balancing Adequacy and Equity with a Property Tax Circuit Breaker

March 28, 2007 - State legislators in Olympia are currently considering various proposals for property tax reform. One idea that has not yet been proposed here is a property tax circuit breaker, which would offer tax credits to lower and moderate income homeowners who are paying more than a certain threshold of income in property taxes. Read the policy brief

House budget proposal follows Governor's lead

March 20, 2007 - The budget released today by the House of Representatives' Appropriations Committee follows the same general script as the Governor's budget proposal. Read the update

Updated revenue forecast brings mixed news

March 15, 2007 - The Economic and Revenue Forecast Council (ERFC) released an updated revenue forecast today with both good news and bad news for the state budget. Read the update

Balancing Adequacy and Equity in Washington State’s Property Tax

February 27, 2007 - The property tax in Washington State funds essential local priorities such as education, fire protection, and hospitals. New research by the Center explores the opportunity for the state to ensure adequate funding for these essential public programs while addressing the existing inequities in the system.

Tax Expenditure Reports A Tool for Transparent, Timely Budgeting

February 13, 2007 - A proposal to require reporting on the full impacts and costs of the hundreds of tax exemptions and special tax breaks is once again under consideration by the legislature.

State could do more to support struggling families: Benefit levels have not kept up with the cost of living

January 2007 - The monthly WorkFirst cash assistance benefit is a key part of the state’s social safety net, but it has not been increased since 1993.

1990s state tax cuts have limited Washington State's ability to fund public priorities

December 21, 2006 - The strong economy and resulting revenue growth of the middle and late 1990s led 44 states to cut taxes. Read the full update

Governor Gregoire's budget for 2007-2009 biennium released today

December 19, 2006 - Today, Governor Gregoire released her two-year budget proposal for 2007 to 2009, the starting point for the legislature when they convene in January.

New Revenue Forecast Numbers

November 16, 2006 - Today, the Washington State Economic and Revenue Forecast Council released preliminary results from their quarterly forecast of the economy, including updated projections of how much revenue the state will collect in coming years. Read the full update

Fiscal FAQ's: The Estate Tax

October 18, 2006 - “Fiscal FAQs” (Frequently Asked Questions) are a new series of publications by the Washington State Budget and Policy Center that are designed to demystify complex fiscal issues in Washington State.

Updated state economic and revenue projection

September 20, 2006 - Today, the Washington State Economic and Revenue Forecast Council released preliminary results from their quarterly forecast of the economy, including updated projections of how much revenue the state will collect in coming years.

New analysis of Census Bureau data: New data shows economic growth has made little progress for working families

August 29, 2006 - It has been four years since the national recession that started and ended in 2001. New data from the Census Bureau gives us an opportunity to compare today's Washington State economy with that of 2000, before the recession. Read the full update.

New Federal Estate Tax Bill would lower the Washington Minimum Wage for many workers

August 1, 2006 - It has been ten years this month since the last time Congress passed a federal minimum wage increase, despite perennial proposals to do so.

Proposed federal estate tax changes would continue recent trend of cutting taxes for wealthiest Washingtonians

July 12, 2006 - Congress appears poised to dismantle the federal estate tax, polishing off a sixth year of dramatically negative changes to the federal tax system.

Structural deficit looms despite short-term good news: Budget structure hurts low and moderate-income Washingtonians

June 15, 2006 - Today, the state Economic and Revenue Forecasting Council (ERFC) released their quarterly revenue projection. Our report finds that despite the recent good news that revenue collections have exceeded original projections, Washington's future fiscal balance remains precarious.

How would a repeal or near repeal of the Federal Estate Tax Impact Washington?

June 5, 2006 - Legislation is moving this week in the Senate to repeal the federal estate tax, a move that would cut federal funding by a trillion dollars over ten years.

Medicaid: Over a million low-income Washington residents face new health care barriers

February, 2006 - Changes in the Medicaid program are the most significant in the budget agreement.

Child Welfare: Washington State's child welfare system stands to lose millions under the Federal Budget Conference Agreement

February, 2006 - The budget agreement significantly reduces federal funds available to our state’s child welfare system and to Washington families that provide homes for relative children in foster care.
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