As Kriss wrote yesterday, a new revenue forecast has been approved. This forecast will inform the 2016 supplemental budget. On a near general fund-state plus opportunity pathways (NGFS+) basis, estimated revenues for the current biennium are $37.837 billion -- a decrease of $78.2 million from the Nov. 2015 forecast (see page 28 here).
Crosscut has an interesting story about new high-rises in Seattle.
Consider: there are currently 13 high-rise apartment or condo buildings of at least 24 stories in development or planning in the downtown area. The average is 39 stories. Another 24 high-rises are in the proposal pipeline, according to city and industry reports.
The Economic and Revenue Forecast Council met this morning in Olympia to issue its quarterly update to the state revenue forecast. For the current 2015–17 biennium, the forecast of general fund state revenues was reduced by $67 million to $37.137 billion, while for the 2017–19 biennium the forecast was reduced by $442 million to $40.125 billion.
New report: By Mandating A Specific Compensation Mix, Labor Policies Take Flexibility Out of the Equation
In a new report, we take a look at various labor policy issues that are being discussed in the state this year. Briefly:
In the continuing saga of legislation to address the state Supreme Court's McCleary ruling on K-12 basic education funding, the Senate Ways & Means Committee on Tuesday took action, approving its version - but not without changes, or controversy.
The University of Washington is studying the impacts of Seattle's minimum wage ordinance. They recently released a paper that describes the methodology for their study and provides preliminary estimates of the ordinance's impact on prices.
The price information is inconclusive, to say the least. There are many caveats:
Two members of the bipartisan under-40 caucus in the state Legislature, Reps. Marcus Riccelli (D-Spokane) and Hans Zeiger (R-Puyallup), join us to talk about cooperation and getting along across party lines in Olympia.