OFM sounds alarm on 2027-29 budget shortfalls, Ferguson says no new taxes, and how we got here
OLYMPIA — The Office of Financial Management has warned state agencies that Washington faces “significant budget shortfalls” in the 2027-29 biennium, calling it likely the most “most challenging budget any of us has yet faced” and directing a sharp break from routine spending practices. “A ‘business as usual’ approach will not meet the need of […]
WA governor calls for tapping reserve fund and climate law cash to fill budget hole
OLYMPIA [JERRY CORNFIELD]—Washington Gov. Bob Ferguson made a splash Tuesday with his full-throated endorsement of taxing the earnings of millionaires. The surprise declaration from the first-term Democratic governor nearly drowned out his newly released plan to erase a multibillion-dollar shortfall in the current state budget. He made “super clear” that if Washington taxes millionaires, the […]
