May 18, 2025 4:41 pm

The premier news source for Snohomish County

Ferguson rejects both House and Senate budgets, dismissing tax hikes and wealth tax

ferguson budget

OLYMPIA—Washington State Governor Bob Ferguson said he will not be signing off on either House or Senate 2025-27 operating budget proposals during a press conference Tuesday, April 1, explaining he cannot stand by the tax hikes proposed, especially during a time of federal uncertainty. [Watch video of Ferguson budget presser at end of article]. “Hope […]

Washington House passes $78 billion state operating budget, Senate and governor to weigh in

Olympia

The Washington state House passed its operating budget just after midnight on Tuesday, setting the stage for negotiations with the Senate and the governor on a spending blueprint to address a looming multi-billion-dollar shortfall. The House approved the two-year $77.8 billion operating budget on a 54-44 vote in which five Democrats joined all Republicans in opposition. The five Democrats who […]

Judge overturns Washington state’s new capital gains tax

capital gains tax

UPDATED [12:29 AM MARCH 2, 2022]: Added the Republican response to the capital gain tax ruling DOUGLAS COUNTY, March 1, 2022 – Today, Douglas County Superior Court Judge Brian Huber overturned a new capital gains tax that was signed into law last year by Governor Jay Inslee. Huber ruled that it is an unconstitutional tax […]

Lynnwood City Council discusses eliminating $40 vehicle license fee

vehicle license fee

On Monday, October 11, 2021, Lynnwood City Council members discussed eliminating the $40 vehicle license fee. The ordinance did not pass in this week’s session, but it was moved to the Work Session on October 18. The council also read in the city’s proclamation of the 2021 Indigenous Peoples’ Day. Lynnwood, Wash., October 15, 2021 […]

The IRS extends tax deadlines

By Paul Ellis, CIMA® | Ellis Wealth Management On March 29, the Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year has been automatically extended from April 15, 2021, to May 17, 2021. More time for all. However, the IRS has also settled on […]

State Senate approves 7% capital gains tax

By Mario Lotmore  |  Lynnwood Times Staff Olympia, Wash., March 6, 2021 – Today the Washington state Senate narrowly passed SB 5096  to impose a 7% capital tax on the sale of stocks, bonds, and other high-end assets in excess of $250,000 for both individuals and couples. Those persons who profit more than $250,000 in […]

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