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Yo_Mama_Been_Loggin

(122,072 posts)
Sun Apr 27, 2025, 02:58 PM 18 hrs ago

New taxes, no furloughs in WA Legislature's $77.8B budget deal

Democrats in the Washington Legislature unveiled a budget deal Saturday that cuts spending and hikes taxes on thousands of businesses to maintain core public services and erase a projected multibillion-dollar shortfall.

The agreement hammered out by House and Senate budget writers does not tap the state’s emergency reserves or furlough state employees, as prior proposals this year suggested doing. It pays for new collective bargaining agreements for state workers and provides $100 million for law enforcement hiring sought by the governor.

Overall, it spends $77.8 billion in the two-year budget cycle that begins July 1, roughly 9% higher than the current biennium. When all the adding and subtracting is done, there’s $7.4 billion in new spending, officials said.

It will be teed up for votes in each chamber on Sunday, the last scheduled day of the 2025 session.

https://washingtonstatestandard.com/2025/04/26/new-taxes-no-furloughs-in-wa-legislatures-77-8b-budget-deal/

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New taxes, no furloughs in WA Legislature's $77.8B budget deal (Original Post) Yo_Mama_Been_Loggin 18 hrs ago OP
Sales and business taxes are either paid directly by or passed on to consumers MichMan 18 hrs ago #1

MichMan

(14,972 posts)
1. Sales and business taxes are either paid directly by or passed on to consumers
Sun Apr 27, 2025, 03:35 PM
18 hrs ago

Also cutting pension funding by assuming a higher rate of return doesn't always work out. Hope they are right. If that doesn't happen, taxpayers are on the hook to make up any shortfalls.

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