Freedom Foundation

Four facts about the state budget which do not mesh

Fact One: The 2017-19 Washington state operating budget is 14 percent larger than the 2015-2017 budget.

2015-17 $38.2 billion
2017-19 $43.7 billion

Source: Fiscal.wa.gov

Fact Two: State revenue for the 2017-19 biennium increased by $647 million over what was expected when the budget passed.

“(T)he total General Fund State forecast increase for the current biennium is $647 million.”

“Forecasted revenue for the 2017-19 biennium is now $44.213 billion, 15.4 percent more than that of the 2015-17 biennium.”

Source: Economic & Revenue Forecast Council, Economic & Revenue Review: February 15, 2018 Pg. 6

Fact Three: Democrats in the House are seeking an additional $1.8 billion tax increase from a capital gains income Tax (plus $518 million targeted tax reductions)

Sources:

Fact Four: Democrats in the Senate are seeking another $638 million tax increase from a carbon tax

Sources: