The Speaker’s Scoop: A $12 billion budget shortfall. Exactly how did we get here?

Is it a “spending problem?” This year, budget writers in Olympia are contending with a $12 billion shortfall in the state budget. Speaker Jinkins’ self-described “wonky take” on this question covers the unpredictability of revenue growth when balancing the state budget over four years, and how Washington’s regressive tax structure falls heaviest on working families and households with the lowest incomes. Listen here