It’s State Treasurer Jim McIntire’s job to worry about the state’s credit rating and financial health. And McIntire, a Democrat, has concerns about Gov. Jay Inslee’s proposed 2015-17 budget proposal, which McIntire says sweeps too much out of the state’s “rainy-day” fund. In a letter to Inslee last week, McIntire said he opposed Inslee’s proposal…More
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In advance of his budget roll-out next week, Gov. Jay Inslee is making the case that the sort of cap-and-trade system he favors to cut carbon pollution can also generate cash for schools, bridges and other needs. Speaking at a Seattle conference hosted by the liberal Washington State Budget and Policy Center, Inslee said his…More
There will be a rare “no” vote Monday when the Seattle City Council adopts the city’s new budget for 2015 and 2016. Despite getting her way with several amendments earlier this month, Councilmember Kshama Sawant will dissent, she says. Because of the amendments, the council’s budget will include money to investigate a “millionaires tax,” fast track city…More
Senate Ways and Means Chairman Andy Hill said he’s not sure the Legislature needs to pass a state operating budget this year. “You can get out of here without one.” Hill, R-Redmond, said at a news conference Wednesday, adding the GOP-led majority in the Senate would make a decision within a couple of weeks. Democrats, who control…More
WASHINGTON — It’s a picture he’s drawn many time before. But Congressional Budget Office (CBO) Director Doug Elmendorf painted it again Wednesday: The federal debt is growing at an unsustainable rate — but the paradoxical best short-term response is to cut taxes or boost spending. That was the thrust of Elmendorf’s message to lawmakers at the…More
Gov. Jay Inslee will meet with reporters at 11 a.m. Thursday to discuss how he intends to close the state’s budget shortfall — projected at up to $1.3 billion — and boost education spending as ordered by the state Supreme Court. Watch the governor’s presentation live on TVW, and come back to seattletimes.com for…More
OLYMPIA — State House Republicans unveiled an education budget proposal Thursday that would increase K-12 spending by $556 million without raising taxes over the next two years. The budget would dedicate $817 million to respond to a state Supreme Court order to increase basic education funding, including by expanding full-day kindergarten, reducing class sizes in kindergarten…More