On Tuesday, the House Appropriations Committee amended and passed the Chair's operating budget proposal. Amendments added $28.6 million in near general fund-state plus opportunity pathways (NGFS+) spending. Floor passage is expected tomorrow.
The House 2017–19 budget proposal would increase spending by $6.408 billion over 2015–17. Of that, $933.9 million is carryforward, $2.251 billion is maintenance, and $3.223 billion is policy.
The House budget proposal, released today, would appropriate $44.862 billion in 2017–19 (NGFS+). This is an increase of $6.408 billion over 2015–17, and it is $1.548 billion more than the Senate-passed budget would spend.
Early Friday morning, the Senate passed a 2017–19 operating budget. As passed, near general fund–state plus opportunity pathways (NGFS+) spending for the biennium would be $43.314 billion, an increase of $4.860 billion over the current biennium.
The Senate Ways & Means Chair presented his 2017–19 operating budget proposal yesterday. I provided some highlights yesterday. Today the committee is expected to act on the budget bill (SB 5048) in executive session.
The Senate Ways & Means Committee’s chair has released his 2017–19 operating budget proposal. (There will be a public hearing on the proposal this afternoon.) Under the proposal, near general fund–state plus opportunity pathways (NGFS+) spending would increase by $4.814 billion over the 2015–17 biennium. NGFS+ spending would total $43.268 billion for the biennium. Of the increase, $3.742 billion would go to public schools.
Last week Senators Brown, Hobbs, Braun, Mullet, Frockt and Warnick introduced SB 5866, which would create a tax court. Additionally, Senators Brown, Hobbs, Braun, Mullet, Fain and Warnick introduced SJR 8209, which would amend the constitution to authorize the tax court.
In a new policy brief, we look at Washington's Steady Move to an Economic Nexus Standard for Taxes.
Currently school districts are allowed to levy maintenance and operation (M&O) levies of up to 28 percent of their state and federal revenues. That maximum is scheduled to revert to 24 percent in 2018. This is the levy cliff.