12:00 am
June 29, 2015
The numbers behind the 2015-17 operating budget deal have finally been released. In terms of near general fund-state plus opportunity pathways (NGFS+) spending, the deal would appropriate $38.219 billion — $4.425 billion more than in 2013-15 (and slightly more than the last House and Senate proposals). The Senate summary of the provisions is here, and the House summary is here.
Some highlights after a quick scan:
- Tuition reductions of 15 percent for UW and WSU, 20 percent for the regional institutions, and 5 percent for community colleges.
- $2.0 billion is saved by not implementing I-1351, which the proposal assumes is modified by other legislation.
- $152 million for a one-biennium salary increase for teachers in addition to the I-732 COLA.
- The proposal fully funds the collective bargaining agreements the governor negotiated with state employees.
- The proposal does not extend the high tech research and development tax credits.
- It also increases revenues by taking some of the recent proposals made by the House and Senate (see here and here): increasing the B&O tax rate for royalty income, economic nexus, increasing late fees, and repealing the machinery and equipment exemption for software manufacturers.
- The proposal makes a transfer from the Public Works Assistance Account to the general fund, but only $73 million (as opposed to $200 million).
Tags: 2015-17