Washington State Legislature
Originally published on Wed February 15, 2012 5:31 pm
OLYMPIA, Wash. – Democrats in the Washington legislature are suddenly hopeful they can rebalance the state budget without asking voters to approve a tax hike. Their optimism comes even before they see the latest revenue forecast out Thursday.
For majority Democrats the budget stars could be aligning. A new caseload forecast shows demand for state services is down. That means the current $900 million budget hole drops to less than $600 million. Plus, House Republicans have reversed their position and now support ending a tax break for out of state banks.
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