Widely shared prosperity does not happen by accident. It happens when we deliberately invest in the foundations of a strong economy—broad and equal opportunity to build knowledge and skills, adequate compensation and support for workers, and targeted investments in conditions that foster economic growth.
Washington state’s investments should:
- Provide opportunity for all. Opportunities that most Washingtonians need to prosper—access to high-quality education, health care, transportation, clean environment, and work supports—are cost-effective and improve long-term outcomes for families, communities, and the economy.
- Create better jobs. A thriving middle class is dependent on having enough jobs that allow Washingtonians to get ahead, and policies that reward workers for their productivity. In addition, jobs that maintain our physical infrastructure (construction and maintenance on schools, roads, bridges, transportation) and build knowledge and skills (teachers, job trainers, social workers) strengthen the foundation of a strong economy.
When more people have a chance to reach their full potential and enough economic security to make investments in their future, our economy will grow.
- Final Budget: Hits and Misses (blog)
- New House Budget Nixes Best Plan for Sustainable, Equitable Revenue (blog)
- Senate Budget Still Scraping By, Not Considering Long View (blog)
- Legislators Still Have Time to Advance Racial Equity This Year (blog)
- 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
- 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.
- 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
- 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.
- 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.
- 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.
- February, 2006 - This brief describes fiscal and policy changes to other key areas included in the budget agreement.
- January 17, 2006 - Governor Gregoire’s call for the creation of a rainy day fund in Washington State has merit in that it could provide much needed budgetary flexibility in cushioning the negative impacts of cyclical economic downturns, according to this policy brief on the Governor's proposal by the Budget & Policy Center.