The Washington, D.C. based Center for Budget and Policy Priorities confirmed that tax revenues in our state have plummeted in the past few months---something our state's Revenue Forecast Council confirmed as well.
Right now, our state is at least $3.2 billion down in tax and fee collections and that is before the impacts of the eight-week Boeing machinists union strike are calculated.
According to the Center, identified as a liberal-leaning think tank, Washington and Idaho were among 15 states with significant revenue drops between July and September. Washington's revenues are down by 11.3% and Idaho is down by 9.3%.
Raising taxes and fees to make up the difference would send both states in a tailspin.
Don C. Brunell, President (DonB@awb.org)
