Washington lawmakers face a staggering $16 billion shortfall over the next four years. In tonight’s Legislative Review:
Senate Democrats unveil a sweeping tax package including:
SB 5797: Financial Intangibles Tax on ultra-wealthy
SB 5796: Payroll Expense Tax targeting large employers
SB 5798: Lifting the property tax cap
The House proposes a $7.63B capital budget with major investments in affordable housing, education, and behavioral health. Plus, Governor Bob Ferguson responds to both budget proposals—calling the fiscal situation a “five-alarm fire” and warning he won’t sign any plan tied to legally risky taxes.
(4/1/25)