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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.

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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.

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HIGHLIGHTS

Our Seattle Policy Summit

You can watch our Budget Matters 2017 Seattle Policy Summit, which took place on December 6, online. The first part of the day (watch here) featured Washington State Lt. Governor Cyrus Habib and Race Forward President Glenn Harris. The second part of the day (watch here) featured Budget & Policy Center Senior Policy Analyst Jennifer Tran, and a panel of local leaders moderated by Michael Brown of the Seattle Foundation. 

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 to build a better Washington.

Testimonies in Olympia

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We're in Olympia throughout the 2018 legislative session to testify in support of bills that advance our legislative priorities. Watch our testimonies on TVW: