State Revenue
The recent economic recession has taken a significant toll on the state's ability to maintain important investments in education, health, communities and the environment. But even in good times, state revenue, which comes largely from retail sales and Business & Occupancy taxes, does not keep pace with the need. The Budget & Policy Center publishes research and analysis on improving the state’s revenue system to raise adequate revenue and create a more equitable tax structure.
Related Research
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No denying it: At least $10 billion has been cut from the state budget
- State budget cuts have taken an enormous toll on Washington state’s core public health, education, and community safety structures. Basic public services have been cut by at least $10 billion since the start of the Great Recession. These budget cuts have taken a grizzly toll on the health and well-being of workers and families from Aberdeen to Spokane.
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A Capital Reform: Using Capital Gains to Fuel Job Creation and Economic Prosperity in Washington state
- To create jobs, spur long-term economic growth, and foster prosperity, Washington state desperately needs to rebuild our eroding education, public health, and community safety infrastructure. The state has a powerful, but untapped resource to accomplish this: capital gains. A modest tax on some capital gains would help fuel economic recovery and opportunity for future generations of Washingtonians...
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A Framework for Prosperity
- Washington’s path to economic recovery and future prosperity is dependent upon the choices we make in the coming weeks. Our state budget is an essential tool for investing in smart choices that will uphold our values and put us on the right path. In the midst of the worst economy since the Great Depression, our state’s primary responsibility should be to make investments that will ignite the economy, put people back to work, and provide opportunities for future generations to prosper.
