UPDATE: Official State Analysis Shows High Cost of I-1033
Initiative 1033 would negatively impact the ability of the state,
counties, and cities to fund public priorities such as education,
economic security, health care, and community development. This would
come at a time when Washington is struggling to recover from a severe
recession.
A new analysis
by the Office of Financial Management estimates the fiscal impact of
the initiative on the state, counties, and cities for calendar years
2010 through 2015 (shown in the graphs below). The results emphasize
the fact that the impacts of I-1033 will compound from year to year.
At the state level, the cumulative impact is expected to be nearly $6 billion over the six years:
Counties stand to lose a total of $694 million in capacity to support essential public services by 2015:
Cities stand to lose $2.1 billion cumulatively:
