Revenue forecast shows $2 billion more

$2 billion moreOn Wednesday, March 20, the state Economic and Revenue Forecast Council announced we will have nearly two billion additional dollars for the 2013-15 operating budget. This news has been extremely well-received and has strengthened the resolve of the Majority Coalition Caucus to not raise your taxes. Despite reports to the contrary, we are close to reaching a budget compromise that will provide more funding for higher education as well as significantly fund K-12 education to comply with the Supreme Court’s McCleary decision.

Here in Olympia, the constant talk of budget cuts has all but evaporated, and we are able to start reprioritizing your tax dollars to focus on what matters most. Some pet programs may not receive the increases they would like, but we are no longer taking money away from vital programs and services. I’ll keep you posted on the progress of the 2013-15 budget as it is made public.

Click here to read the full Olympia Report for March 26, 2013.