The driver behind Washington state’s budget shortfall

Published November 26, 2024 8:14am ET



(The Center Square) – Earlier this month, state officials reported that the operating budget faces a $10-12 billion deficit over the next four years.

Unlike during the Great Recession, the budget deficit isn’t due to a decline in revenue, as many of the state’s tax collections are at record levels while other new taxes have been imposed.

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