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$3 Billion for Washington State Fiscal Relief

Posted by Jeff Chapman at Feb 13, 2009 11:10 AM |
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The federal stimulus package, which may finally be a done deal, includes a number of provisions that will affect Washington State. The two that will have a significant direct effect on the state deficit are an FMAP boost (see my update on that) and the state fiscal stabilization fund. Together, the total is just over $3 billion.

The state fiscal stabilization fund is split into two portions. One is dedicated to education; the other is more flexible. The block grant for education (about $820 million for Washington State) can be used to stabilize state education funding, with any remaining money going to school districts.

The more flexible portion can be used to shore up state funding in other basic services and can also be used for school modernization, renovation, or repair.

 

More detail on the state fiscal stablization fund can be found here.

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The State of Washington’s Children 2012 is a broad review of how Washington’s 1.5 million kids are faring in tough times. The report is issued by KIDS COUNT in Washington, a new partnership we formed with Children’s Alliance to improve young lives in Washington. Download the report.

 

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B& PC Policy Analyst testifies before Senate Ways & Means

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Executive Director Remy Trupin was on TVW's "Inside Olympia" to discuss how to bridge the state's revenue crisis. "Washingtonians clearly want to retain the things that make us prosperous...If we don't raise revenue now, we won't have those things in the future." Remy's panel starts at minute 29:29. Watch here

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