Last week, Gov. Jay Inslee presented his biennial budget proposal for 2019-2021. The $54.6 billion budget represents a 22.3 percent increase in spending from current levels. To fund the increased spending, the governor proposes several tax increases, including a 9 percent capital gains tax and a 67 percent increase in the B&O tax rate on service businesses (from 1.5 percent to 2.5 percent).
The governor’s proposed budget begins the legislative and public discussion. Next year, the House and Senate will present their plans, eventually negotiating a final budget. The proposal introduced last week will surely shape the debate. We’re interested in your views on some of its key provisions.
Please take a few minutes and share your thoughts with us by taking this brief survey.