Category Archives: Featured
OLYMPIA – House Democrats unveiled their 2015-17 operating budget plan on Friday – a budget that will add $3.2 billion in additional K-12 investments over the next two years compared to the 2013-15 budget. The HDC proposal is the first budget proposal on the table that puts the state in full compliance with the Supreme Court’s McCleary ruling, which mandates the state adequately fund basic education by 2018. “After seven years of cuts totaling more than $12 billion, we have … Continue reading
Post by Washington House Democrats.
OLYMPIA—This afternoon the House of Representatives passed two middle-class prosperity measures that will strengthen the economy and protect working families. “When recession hits, working families are hit the hardest. When the economy recovers all the gains go to the wealthy few,” said Rep. Mike Sells, D-Everett, Chairman of the House Labor Committee. “Our economy should work for everyone, so strengthening the minimum wage and providing working families with much needed sick and safe leave are tried and true methods that will … Continue reading
You don’t need an advanced math degree to understand basic budget principles. Even though our state budget is 487 pages and takes several months to produce, the budget itself is not a complex tool. It is essentially a plan of allocating funds for anticipated expenses based on projected revenues. The end result of our budget, like most budgets, falls into one of three categories: Surplus – Our expected revenue collections are higher than our planned expenses. Deficit – Our expected … Continue reading