Schmudget Blog
— filed under: ,

New Policy Brief: Economic security is key to recovery

Posted by Kim Justice at Oct 17, 2011 05:20 PM |

State investments in economic security- such as supports that protect families from  job loss and financial hardship- are especially important when the impact of a downturn is as severe as the one we are experiencing now.

Yet, as our new policy brief, Economic Security: Key to Recovery and Prosperity shows, recent budget decisions have impaired our recovery and have put families and individuals at risk of further financial hardship:

  • Over 20,000 adults and children have been impacted by the loss of assistance needed for families to get and keep a job; roughly 7,000 low-income working parents have lost crucial child care support; and 20,000 individuals who cannot work due to a disability face the imminent loss of financial assistance.
  • Over 320,000 people in our state are unemployed (over 9 percent) and nearly 890,000 people in our state now live below the federal poverty line (13 percent). State investments are necessary to help people get and keep jobs.
  • Further budget reductions being considered include additional limits to assistance for families seeking employment which would impact an estimated 4,000 adults and children, and completely eliminating support for 37,000 people with disabilities.

econ security1

In the face of further revenue declines, policymakers should take a different approach to solving the budget situation. That approach must include boosting our revenue so we can maintain our commitment to those most impacted by the recession. This can be accomplished by modestly increasing state tax rates, eliminating unproductive tax breaks, or both.

Click here to read the full brief.

Document Actions
HIGHLIGHTS

We need your feedback on this website!

We will soon be redesigning the Budget & Policy Center website, and your input is critical to helping us ensure our new site is a valuable, go-to resource. We want your suggestions for making our website as effective and useful as possible. Please complete our brief survey by April 23, 2018. 

We are hiring

We currently have two job opportunities available to join the Budget & Policy Center’s awesome team: a policy analyst position and the Betty Jane Narver fellowship. We are also looking to bring on new members of our board of directors.

Check out Budget Beat

Learn about the pros and cons of the final supplemental state budget on our recent Budget Beat webinar, "Legislative Session 2018 Wrap-up." 

Our policy priorities

Washington state should be a place where all our residents have strong communities, great schools, and the chance for a bright future. Our 2017-2019 Legislative Agenda outlines the priorities we are working to advance.

Testimonies in Olympia

Misha TVW
Watch our 2018 legislative session testimonies on TVW: