Higher Tax Collections Lowers Pressure On Washington Lawmakers To Raise Revenue
In Olympia, legislative budget writers got a shot of good news Friday regarding tax collections.
Washington's chief economist said about $274 million more than previously projected should flow into the state treasury from now through 2017. A strong economic recovery gets credit. This prompted a reaction from the legislature's lead budget writers.
"With another $250 million, it reduces the pressure on the perennial call for more taxes,” Sen. Andy Hill, R-Redmond, said.
"The problem space is marginally easier,” Rep. Ross Hunter, D-Medina, said. “Yes, I agree with that."
Lawmakers also agreed the revenue boost is modest when set against the total Washington state budget. The cost of a school class size reduction initiative approved by voters last November alone dwarfs the $250 million in extra spending money.
Lawmakers may still decide to modify or suspend that unfunded school measure.