Headline
Headline
Back to Lynnwood, WA News

Tax collections tumble again in latest Washington budget forecast

Lynnwood, WAGovernment

Washington state lawmakers received disappointing news about tax collections, which are anticipated to be hundreds of millions below earlier estimates for the upcoming two-year budget. The decline in revenue results from consumer caution and business retrenchment amidst changing federal trade policies. Governor Bob Ferguson confirmed he will not call a special session to address the issue, but he will closely monitor federal actions that could have implications for state finances. The budget totals $77. 8 billion, and lawmakers must consider adjustments if downward trends persist in future forecasts.

Chief economist Dave Reich's estimates revealed a potential $490 million shortfall in the 2025-27 budget cycle and a further $638 million drop in the 2027-29 cycle. Ferguson's administration believes the budget can endure the negative impacts from federal actions. Republican lawmakers criticized the spending decisions made during the last session, claiming the crisis stems from state overspending rather than federal policies. The state will reconvene in January, allowing time for budget adjustments if necessary.

Related Articles

Lynnwood, WALocal News

PAWS takes in dogs displaced by California wildfires

PAWS in Lynnwood welcomed three dogs displaced by Southern California wildfires on Friday. The relocation, part of a larger effort by Greater Good Charities, involved over 100 shelter pets moving to the Pacific Northwest for better adoption prospects. PAWS aims to provide these animals with necessary care before finding them forever homes.

Lynnwood, WAGovernment

Foes of WA initiative to repeal climate law fined 20K for campaign finance violations

A political committee in Washington, Green Jobs PAC, received a $20,000 fine for late campaign finance disclosures related to its opposition to a climate law repeal initiative. The state Public Disclosure Commission found that the committee failed to report $1.1 million in expenditures until after the election, impacting voters' access to information. Half of the fine is suspended if the committee adheres to regulations over the next four years.

Lynnwood, WALocal News

Lynnwood QFC Store Manager Mafi Vasquez honored nationally as top woman in grocery

Mafi Vasquez, store manager of the Lynnwood QFC, received national recognition as a TWIG honoree for Store Manager of the Year. Her leadership and community involvement contributed to her store surpassing turnover goals and achieving high performance metrics. QFC President Brent Stewart praised her as a compassionate leader who makes a lasting impact.