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Washington Tax revenue down; State could see broad budget cuts later this year

Posted on August 13, 2010 by Kendall Harmon

Across-the-board cuts in state spending are all but certain this year despite $540 million in federal aid approved by Congress earlier this week.

Gov. Chris Gregoire said Thursday that tax collections in June and July were about $125 million below projections.

And she expects the state revenue forecast next month will predict more declines ahead.

Read it all.

Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, Politics in General, State Government, Taxes, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

One comment on “Washington Tax revenue down; State could see broad budget cuts later this year”

  1. Capt. Father Warren says:
    August 13, 2010 at 7:58 pm

    Note: not one word about cutting bloated government, slimming down the legislative or Exec budgets; just programs that directly impact the least powerful in the state. And for window dressing teachers and police/fire, EMS will be added to the plate in order to scare people into ponying up more taxes.
    Man, they know this script by heart everywhere politicians see the fiscal pinch coming.