Fiscal Fallout: $375 million bond debt indirectly funding operating budget
[The Center Square]—Washington state is quietly raiding a special fund meant for local roads, bridges, water pipes, and sewers and now borrowing money through higher-rate bonds to replenish it — even though the state just collected record tax revenue and passed its biggest tax hike ever, according to an analysis of state fiscal data by […]
Public Works Board says hands off PWAA funds after House Democrats ax proposed 6-cent export fuel tax
OLYMPIA, Wash., March 1, 2022 – Last weekend House Democrats announced plans to jettison an unpopular export fuel tax proposed to support the $16.8 billion Move Ahead Washington transportation revenue package in favor of tapping the Public Works Assistance Account (PWAA). The PWAA makes low-interest loans to local governments in support of local drinking water, […]
