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.
The state Economic and Revenue Forecast Council (ERFC) held its quarterly meeting today. The forecast of general fund–state (GF–S) revenue for the current biennium (2015–17) increased by $247.4 million to $38,227.1 million. The forecast of general fund-state revenue for the upcoming biennium (2017–19) increased by $303.0 million to $40,816.7 million, and the forecast of general fund-state revenue for the subsequent 2019–21 biennium increased by $186.0 million to $43,841.6 million. From 2015–17 to 2017–19 GF–S revenue growth equals 6.8 percent; from 2017–2019 to 2019–21, 7.4 percent.
Washington isn't the only state grappling with K-12 education funding issues. On March 2, the Kansas state Supreme Court ruled that the State of Kansas was violating the state constitution by not adequately funding public schools. Sound familiar? The Kansas City Star reports:
We're pleased to welcome state Rep. Brian Blake (D-Aberdeen), who took time out of his busy schedule during the legislative session in Olympia to join our podcast. Rep. Blake represents the 19th Legislative District on Washington's southwest coast, a district whose counties have traditionally voted Democratic in presidential elections but last year largely went for Donald Trump.
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.
Specialty crops are an important part of Washington’s agricultural economy.
In this episode we offer a brief overview of the four-year balanced budget requirement passed by the Legislature and signed by the governor in 2012.
To read our Policy Brief on the requirement (from May 2012), click here.
To read our blog post (from April 2016) defending the four-year balanced budget requirement, click here.