Podcasts & RSS Feeds
Most Active Stories
- UW's MOOC On Public Speaking Proving To Be Massively Popular
- UW Professor Traces Growing Income Gap To The Collapse Of Organized Labor
- Seattle Business Owners: $15 Minimum Wage Could Prove 'Possibly Fatal'
- How To Make Your Own Crème Fraîche — And Why You Should
- Seattle Artist Turning Centuries-Old Pieces Of Wood Into One-Of-A-Kind Sculptures
News & Music Contributors
Tue November 8, 2011
Wash. voters approve resolution on budget savings
OLYMPIA, Wash. (AP) — Washington voters have approved a constitutional amendment that requires the Legislature to set aside cash during boom years.
Unofficial results Tuesday night showed the measure passing, with early returns showing support of about two-thirds of voters. The resolution is designed to provide more budget stability, preventing spending from increasing too much during years of high economic growth and providing a cash buffer when revenues are weak.
Lawmakers passed the measure by a wide margin with support from Democratic and Republican leadership along with State Treasurer James McIntire. A small group of Democratic lawmakers opposed the resolution, saying it will leave people paying for taxes and getting nothing but a bigger savings account.