What Does A “No Revenue” Budget Mean?
Catastrophic cuts to services that save lives
Due to increasing needs, rising inflation, and slowing revenue growth, Washington state is facing a budget deficit. Washington’s tax structure requires more spending by low- and middle-income residents, and with the wealth gap growing between billionaires and regular working families, we’re all falling behind.
WHAT ARE THE BUDGET CUTS
Because there is a very real, very significant budget deficit due to inflation, growing needs, and slowing revenue growth, we have to consider what cuts might mean to Washington residents. Before leaving office, Governor Inslee put out an example of an all cuts, no revenue budget. It’s not the budget you heard about in the news, with new revenue to balance. This example budget was the “Book 1” or “No Revenue” budget. It’s based on current law, assuming no new taxes or changes to policies. The goal was to show just how bad these cuts would be and they are DEVASTATING.
Want to see all the examples of possible cuts? Click here for Governor Inslee’s New Law vs. Current Law differences