The governor is required by law to propose a budget that balances within existing revenues—this is called the “Book 1” budget. The 2017–19 operating budget Gov. Inslee proposed last week certainly did not meet that criteria, but it represents his preferred spending program. It would increase near general fund–state plus opportunity pathways (NGFS+) spending by $8.242 billion.
Gov. Inslee has proposed increasing the 2017-19 near general fund–state plus opportunity pathways (NGFS+) operating budget by $8.2 billion over 2015-17 expenditures. This number includes the $3.9 billion in education spending the governor proposed yesterday, and it includes both policy and maintenance level spending.
Gov. Inslee’s education proposal would increase spending by $3.9 billion and add $4.4 billion in new taxes
Last week Gov. Inslee’s office released some research on paid family leave.
Some updates from the past week on the status of the federal overtime rule and funding for Seattle’s Office of Labor Standards (OLS):
Last week we released a report on prescription drug spending and Medicaid, and their impacts on the state budget. Coincidentally, the Health Care Authority (HCA) and Office of Financial Management (OFM) released a report to the Legislature the same day, called, “Review of Prescription Drug Costs and Summary of Potential Purchasing Strategies.”
I wanted to point out a couple of interesting stories I’ve read this week on the agriculture and timber industries.
First, Dick Davis writes in the Fall 2016 edition of Washington Business Magazine (see page 30) about new advances in agricultural technology. He discusses genetics, Unmanned Aerial Vehicles, field architecture, and robots.
Yesterday the Washington Health Benefit Exchange sent out a press release headlined, “Washington Healthplanfinder Sees Jump in Enrollment.” I thought they must be announcing initial enrollment numbers for the first few weeks of the current open enrollment period (which runs from Nov. 1, 2016 through Jan. 31, 2017).
The new budget outlook includes an estimate of final McCleary costs, despite a lack of agreement on what that number will be
Yesterday the Economic and Revenue Forecast Council (ERFC) adopted a new budget outlook that includes the end of the 2015–17 biennium, 2017–19, and 2019–21. It is controversial in that it includes an estimate for how much it will cost to complete compliance with the McCleary decision on school funding.