Blog

New Brief: The 2011-13 Budget and the Upcoming Revenue Forecast

As Kriss reported on Sunday, the September 15 revenue forecast probably won’t be pretty:  “[State economist Arun] Raha indicated that a major downward adjustment to the forecast of state revenue for the 2011-13 biennium is forthcoming.” In light of that, we have a new brief today that describes some of the policy changes made in […]

WRC economist named to state debt commission

Kriss Sjoblom, WRC vice president and economist, will serve on the new state debt commission established by SB 5181. Here’s how the bill report describes the commission’s activity. A commission is established to examine the use of debt in Washington State and make recommendations on debt policy and debt limitations. Commission members include the State […]

Raha presages major downward adjustment to state revenue forecast

State economist Arun Raha presented the preliminary September economic forecast for the state at a meeting of the Economic and Revenue Forecast Council in Olympia last Friday (September 2).  Raha indicated that a major downward adjustment to the forecast of state revenue for the 2011-13 biennium is forthcoming. Events since the last forecast in June […]

GASB Proposals for Public Pension Accounting and Reporting

Earlier this summer, the Governmental Accounting Standards Board (GASB) released proposed new standards for state pension accounting and financial reporting.  One of the reasons GASB has proposed these changes is the “increasing need among the users of governmental financial reports for comparable information about pensions.”  The WRC looked at public pensions in a policy brief […]

Tax increase proposals showing up on state ballots…

Stateline.org reports that taxpayers in more states will be voting on revenue increases. Tight budgets, several years of spending cuts and continued economic sluggishness explain part of the trend. But, more important than these, in several states voters have tied lawmakers hands by requiring legislative supermajorities or voter approval for tax increases. Also implicated is […]

Washington missing growth opportunities…

Think it here, make it there. A typically thoughtful column by Bill Virgin in Seattle Business suggests that’s the path being taken by key innovators in our state. Virgin’s column, Losing Ground, looks at what may be a troubling pattern. He acknowledges Washington’s competitive advantage in research and development, particularly in emerging industries. Washington does […]

City and County Classifications in the News

If you liked our policy brief on local initiatives and referenda, you may be interested in a few stories today from around the state regarding city and county classifications.  A locality’s classification is the starting point in determining whether its residents have initiative and referendum powers. First, in a blog post in the Kitsap Caucus, […]

State Supreme Court should rule on supermajority

Another year, another challenge to the voter-approved supermajority requirement for tax hikes. In my column in the Everett Herald, I say it’s time for the Court to put the issue to rest. The justices may again decide the case on procedural or technical grounds, ducking the threshold question. For example, they could conclude the group […]

WA has Highest Workers' Comp Benefits per Covered Worker

Last week the National Academy of Social Insurance released its report on workers’ compensation for the year 2009.  Based on the state-specific data in the report, 2009 benefits paid per covered worker in Washington were the highest in the nation at $857.32.  The state with the second highest benefits per covered worker was West Virginia […]

New Brief: Initiatives and Referenda at the Local Level

Today we published a new brief on the local initiative and referendum process in Washington.  Washington has 281 cities and 39 counties.  Depending on the type of city or county, residents may or may not have the powers of initiative and referendum locally–in 59 cities and six counties, they do.