
Politics
A breakdown of Washington’s new $78B two-year state budget
The deal, awaiting Gov. Ferguson’s signature, includes $4.3B in new taxes on businesses, financial assets and technology, and boosts K-12 funding.
The deal, awaiting Gov. Ferguson’s signature, includes $4.3B in new taxes on businesses, financial assets and technology, and boosts K-12 funding.
Lawmakers in Olympia finalized a spending plan with new taxes and fees, and passed contentious policies like rent caps and new gun laws.
On the session’s final day, a bill limiting increases at 7% plus inflation – not to exceed 10% – for most tenants is headed to the governor’s desk.
Local banks are already struggling to meet demand, and federal cuts could mean empty shelves for the 1 in 4 Washingtonians who visited one last year.
Bills to standardize recycling statewide, tweak the state’s cap-and-invest program and allow fusion energy development all made it through this session.