March 5, 2026 5:05 am

The premier news source for Snohomish County

Budget bills in WA Legislature would tap rainy day fund, spend heavily on legal payouts

RAINY DAY FUND

OLYMPIA [Jake Goldstein-Street and Bill Lucia] —Democrats in the Washington Legislature on Sunday proposed tapping the state’s rainy day savings account and slashing hundreds of millions of dollars for a child care program for low-income families to balance the state’s budget into next year. But under their plans, the state’s main operating account would have a more […]

Tension rising over how to spend revenue from proposed WA income tax

Bob Ferguson

OLYMPIA [Bill Lucia] — A day after the Washington state Senate approved an income tax on millionaire earners, Gov. Bob Ferguson said he’s still not satisfied with the bill. He’s previously preached the need to pump a significant portion of the proceeds toward tax relief. On Tuesday, he said lawmakers hadn’t gone far enough and […]

WA State Senate approves Millionaires’ Tax on personal income

Millionaires' Tax

OLYMPIA [JERRY CORNFIELD & BILL LUCIA]—Washington state moved one step closer Monday, February 16, to creating a personal income tax two years after the Legislature said it wouldn’t. Majority Democrats in the Senate advanced legislation on a 27-22 vote to tax households earning more than a million dollars. Passage of the bill followed a three-and-a-half hour debate on […]

WA income tax on higher earners clears first legislative hurdle

Olympia

OLYMPIA [Jerry Cornfield]—Democrats advanced controversial income tax legislation out of a key Washington state Senate committee on Monday after pledging more proceeds to local public defender costs and increasing a tax break for small businesses. Senate Bill 6346 passed the Senate Ways and Means Committee on a voice vote. This marked the first legislative test of […]

What’s on the agenda for Washington’s 2026 legislative session

millionaire tax

With a looming $1.6 billion to $2.3 billion budget shortfall hanging over the Washington state legislature, House and Senate leaders and Governor Bob Ferguson presented differing proposals to address the issue. Three panels of House and Senate leaders discussed the state’s transportation budget and general fund, while Ferguson renewed his support for a “millionaire tax.” […]

WA GOP budget lead blasts Ferguson’s budget plan as ‘a complete joke’

budget proposal

[The Center Square]—Washington state Gov. Bob Ferguson released his proposed 2026 supplemental budget on Tuesday, the deadline for presenting it. Ferguson’s proposed budget totals $79 billion and aims to address a projected $2.3 billion shortfall through a combination of cost-saving reductions and targeted spending in housing, education and infrastructure.  “I want to be clear that […]

Washington Gov backs ‘millionaires tax’ on incomes over $1M

millionaires tax

OLYMPIA [Jake Goldstein-Street]—Washington Gov. Bob Ferguson on Tuesday threw his support behind a proposed income tax on residents earning more than $1 million annually, and said he’s prepared to sign the policy into law next year.  Some legislative Democrats are eyeing a 9.9% “millionaires tax” on adjusted annual gross income over $1 million. Ferguson endorsed this version […]

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