By Don C. Brunell
Association of Washington Business
There is finally a bit of good news from Olympia. The st
ate’s Revenue Forecast Council reports that tax revenues for this biennium will be $96 million higher than projected last November, and state tax collections for 2013-15 are projected to grow by 6.6 percent.
But we shouldn’t get too excited. Even with this additional revenue and the cuts the Legislature made in December’s special session, lawmakers still need to make up about a $1 billion deficit to balance the budget.
Even if they manage to close the gap this time, the basic problem remains: The state budget is unsustainable. Without systemic Read More »