Utilizes increase economic growth revenue to fund education
The House of Representatives’ budget proposal includes a capital gains and real estate excise tax along with business and occupation tax changes to raise revenue.
The operating, capital, and transportation budget proposals were released on Monday, March 26, and detail the 2019-21 biennium. The total budget is $52.8 billion for the 2019-21 biennium.
The approximate revenue raised from the proposed new taxes is $1.4 billion for the 2019-21 biennium. The budget stays in line with many of the priorities in Gov. Jay Inslee’s proposed budget with slightly less funding in some areas.
“We’ve said befo...
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