Legislature final budget raises taxes, boosts spending by more than $5 billion By Joseph O Sullivan and Jim Brunner, The Seattle Times
Published: April 25, 2021, 1:14pm
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OLYMPIA For much of last year, the COVID-19 pandemic and related job losses made Washington’s budget forecast look dismal, with billions in projected shortfalls leading to calls for swift spending cuts.
The budget deal reached by Democratic lawmakers in Olympia on Saturday bears little resemblance to those austere predictions.
Buoyed by a rapid economic recovery and padded by a new tax on capital gains, the 2021-23 operating budget clocks in at roughly $59 billion about $5 billion more than the budget approved two years ago.
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