A new state capital gains tax. An expanded and fully funded tax credit for lower-income families. Fresh investments in disaster preparation and foundational public health. And significant new spending in early learning and child care. Those are among the elements of a proposed $59.2 billion, two-year budget Washington Senate Democrats unveiled on Thursday. Read More
Washington’s improving fiscal picture isn’t an anomaly. A recent New York Times analysis shows that nearly half of states saw their revenues increase from April to December of last year. And many more experienced only slight declines. A key factor was federal aid that allowed even laid off workers to keep spending. Now, more federal money is headed to states from the Read More
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