Washington Gov backs ‘millionaires tax’ on incomes over $1M
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 […]
WA state budget gets $105M boost, Ferguson warns of “Deep Financial Challenges” still ahead
OLYMPIA [Jake Goldstein-Street]—Washington state budget writers got a mild dose of good news on Tuesday, but are still looking at a strained balance sheet. Revenue projections show collections up $105 million for the current two-year state budget compared to the last forecast in September. That amounts to a 0.1% increase, a change from previous reports […]
