Comparing the bottom lines of the operating budget proposals

By: Emily Makings
12:31 pm
February 25, 2021

The table below compares key points from the balance sheets of the three budget proposals. (The full outlooks are available here, here, and here.)

Gov. Inslee would increase taxes, while Senate and House Republicans would reduce them. (The $97 million increase in revenues in the House Republican proposal is actually a transfer from the rainy day fund to offset the loss of revenues from HB 1299, which would reduce business and occupation taxes on the retail sale of lodging, prepared food and alcoholic beverages, and retail sales at bowling alleys.)

All three would balance over four years (and leave fairly healthy unrestricted ending balances at the end of the outlook period).

All three would drain the rainy day fund (the budget stabilization account, or BSA) in 2019–21 but start to build it back up in 2021–23.

Categories: Budget.
Tags: 2019-21 , 2021-23