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Washington Gov. Bob Ferguson said state agencies should prepare for difficult budget decisions as his administration begins crafting the next state spending plan. He warned that the state's fiscal situation is "dire" while pledging not to propose new taxes to offset any budget shortfall. The Governor made his first...

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Former Gov. Gary Locke said Washington voters should focus on how a proposed millionaire's tax would be spent rather than simply whether it passes. Locke said the state is already facing a budget shortfall and says the new tax alone would not generate enough revenue to cover both existing obligations and proposed new programs. He questioned whether lawmakers would ultimately need to raise additional taxes or reduce spending if projected revenues fall short. Locke said the long-term funding plan should be clear before the state commits to new spending promises. Full story here: #komo #komo4 #komonews #seattle
1:10

Former Gov. Gary Locke said Washington voters should focus on how a proposed millionaire's tax would be spent rather than simply whether it passes. Locke said the state is already facing a budget shortfall and says the new tax alone would not generate enough revenue to cover both existing obligations and proposed new programs. He questioned whether lawmakers would ultimately need to raise additional taxes or reduce spending if projected revenues fall short. Locke said the long-term funding plan should be clear before the state commits to new spending promises. Full story here: #komo #komo4 #komonews #seattle

KOMO News

42,166 Aufrufe • vor 2 Monaten

Mayor Katie Wilson is proposing a two-year city budget that would put public safety at the center of Seattle’s spending plan, increase the Seattle Police Department’s budget by $68 million, and fund 1,250 police officer positions, all without asking for new taxes. Wilson’s first proposed budget, unveiled as the city prepares to enter the 2027–28 biennium, calls for a $9.1 billion spending plan across all city funds in 2027, a 2.2% increase from 2026. The mayor’s office says the plan is designed to close a projected general fund gap while protecting core services and avoiding the cycle of annual budget shortfalls that has followed the pandemic. Full story here: #komo #komo4 #komonews #seattle
1:50

Mayor Katie Wilson is proposing a two-year city budget that would put public safety at the center of Seattle’s spending plan, increase the Seattle Police Department’s budget by $68 million, and fund 1,250 police officer positions, all without asking for new taxes. Wilson’s first proposed budget, unveiled as the city prepares to enter the 2027–28 biennium, calls for a $9.1 billion spending plan across all city funds in 2027, a 2.2% increase from 2026. The mayor’s office says the plan is designed to close a projected general fund gap while protecting core services and avoiding the cycle of annual budget shortfalls that has followed the pandemic. Full story here: #komo #komo4 #komonews #seattle

KOMO News

12,005 Aufrufe • vor 21 Tagen

Governor Governor Bob Ferguson calls WA's fiscal situation "dire". A situation entirely created by his party due to massive overspending. The huge fiscal shortfall has become so bad that former Democratic Governor Christine Gregoire has criticized the out-of-control spending. Instead of reigning in their spending, the Democratic party has chosen to impose new taxes on the people of Washington that violate the state's Constitution. Washington state desperately needs change.
1:02

Governor Governor Bob Ferguson calls WA's fiscal situation "dire". A situation entirely created by his party due to massive overspending. The huge fiscal shortfall has become so bad that former Democratic Governor Christine Gregoire has criticized the out-of-control spending. Instead of reigning in their spending, the Democratic party has chosen to impose new taxes on the people of Washington that violate the state's Constitution. Washington state desperately needs change.

Vijay

30,612 Aufrufe • vor 4 Monaten

Seattle business leaders are reacting to Washington's new "Millionaires Tax" bill that passed the state house Tuesday. The Washington State Budget and Policy Center estimates it would hit as many as 30,000 Washington households to bring in about $4 billion per year for the General Fund. Under the plan, people making more than $1 million per year would pay a 9.9% tax on income above that threshold starting in 2029. #komo #komo4 #komonews #seattle #washington #millionaire #tax #incometax
1:35

Seattle business leaders are reacting to Washington's new "Millionaires Tax" bill that passed the state house Tuesday. The Washington State Budget and Policy Center estimates it would hit as many as 30,000 Washington households to bring in about $4 billion per year for the General Fund. Under the plan, people making more than $1 million per year would pay a 9.9% tax on income above that threshold starting in 2029. #komo #komo4 #komonews #seattle #washington #millionaire #tax #incometax

KOMO News

20,592 Aufrufe • vor 7 Monaten

New York City Mayor Zohran Mamdani unveiled his preliminary financial plan Tuesday on the heels of the announcement that the state will give the city $1.5 billion to help fix a massive budget shortfall. His tax-centric new fiscal plan seeks to close a multibillion budget gap with two choices: higher taxes on the rich or on property owners. CBS News' Jared Ochacher has more.
1:09

New York City Mayor Zohran Mamdani unveiled his preliminary financial plan Tuesday on the heels of the announcement that the state will give the city $1.5 billion to help fix a massive budget shortfall. His tax-centric new fiscal plan seeks to close a multibillion budget gap with two choices: higher taxes on the rich or on property owners. CBS News' Jared Ochacher has more.

CBS News

60,721 Aufrufe • vor 7 Monaten

West Seattle residents will have to wait nearly another decade for light rail service after Sound Transit pushed back the expected opening of the West Seattle Link Extension to 2035. The delay is the latest in a series of timeline changes tied to a major budget gap at the agency. During the 2016 ballot campaign, Sound Transit promised a 2030 opening. A few months ago, the agency delayed the West Seattle expansion to 2032. Now, the projected opening is 2035. "It’s honestly disturbing because it’s like when we vote for something, our taxes go up, and we want to know, ‘Well, what’s the delay?’" West Seattle resident Chris Kelly told KOMO News at the Alaska Junction on Friday. Link: #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews #WestSeattle #SoundTransit #LightRail #Extension #2035
1:28

West Seattle residents will have to wait nearly another decade for light rail service after Sound Transit pushed back the expected opening of the West Seattle Link Extension to 2035. The delay is the latest in a series of timeline changes tied to a major budget gap at the agency. During the 2016 ballot campaign, Sound Transit promised a 2030 opening. A few months ago, the agency delayed the West Seattle expansion to 2032. Now, the projected opening is 2035. "It’s honestly disturbing because it’s like when we vote for something, our taxes go up, and we want to know, ‘Well, what’s the delay?’" West Seattle resident Chris Kelly told KOMO News at the Alaska Junction on Friday. Link: #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews #WestSeattle #SoundTransit #LightRail #Extension #2035

KOMO News

10,140 Aufrufe • vor 1 Monat

After Gov. Ferguson promised to not raise taxes this year, Olympia Democrats voted to shut the public out of the budget process, and then passed the LARGEST TAX INCREASE & spending spree in state history. Now, going into next year, Gov. Ferguson said he doesn't want to raise taxes again. Be mindful of these budget gimmicks. #tbt Ten Days After Olympia Democrats voted to shut the public out of the budget process: Sen. Keith Wagoner slams Legislative Democrats' budget process, calling it irresponsible. He highlights concerns over closed-door negotiations, severe lack of public transparency, and no opportunities for open debate or amendments. Government should be open and transparent for everyone. #UnaccountableWA #GovernmentGreed #AntiTransparency #waleg
0:58

After Gov. Ferguson promised to not raise taxes this year, Olympia Democrats voted to shut the public out of the budget process, and then passed the LARGEST TAX INCREASE & spending spree in state history. Now, going into next year, Gov. Ferguson said he doesn't want to raise taxes again. Be mindful of these budget gimmicks. #tbt Ten Days After Olympia Democrats voted to shut the public out of the budget process: Sen. Keith Wagoner slams Legislative Democrats' budget process, calling it irresponsible. He highlights concerns over closed-door negotiations, severe lack of public transparency, and no opportunities for open debate or amendments. Government should be open and transparent for everyone. #UnaccountableWA #GovernmentGreed #AntiTransparency #waleg

WA Senate Republicans

43,289 Aufrufe • vor 9 Monaten

Microsoft Vice Chair and President Brad Smith said Washington should recognize it is now operating as a high-tax state and consider how that affects economic competitiveness. Speaking at Thursday’s Puget Sound Regional Council General Assembly meeting, Smith compared Washington’s tax structure to other high-tax states, including California, New York, and New Jersey. He said policymakers should focus on predictability and the combined impact of taxes on individuals and businesses when evaluating future policy decisions. Smith also called for a broader public discussion about how Washington can remain competitive while maintaining its current tax structure. #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews
2:48

Microsoft Vice Chair and President Brad Smith said Washington should recognize it is now operating as a high-tax state and consider how that affects economic competitiveness. Speaking at Thursday’s Puget Sound Regional Council General Assembly meeting, Smith compared Washington’s tax structure to other high-tax states, including California, New York, and New Jersey. He said policymakers should focus on predictability and the combined impact of taxes on individuals and businesses when evaluating future policy decisions. Smith also called for a broader public discussion about how Washington can remain competitive while maintaining its current tax structure. #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews

KOMO News

59,314 Aufrufe • vor 4 Monaten

After Gov. Bob Ferguson promised to not raise taxes last year, Olympia Democrats voted to shut the public out of the budget process, and then passed the LARGEST TAX INCREASE & spending spree in state history. In late 2025, Gov. Ferguson said he didn't want to raise taxes again, but then came out in support of an income tax not long after. Be mindful of these budget gimmicks. #tbt March 29, 2025 -Right after Olympia Democrats voted to shut the public out of the budget process: Sen. Keith Wagoner slams Legislative Democrats' budget process, calling it irresponsible. He highlights concerns over closed-door negotiations, severe lack of public transparency, and no opportunities for open debate or amendments. Government should be open and transparent for everyone. #UnaccountableWA #GovernmentGreed #AntiTransparency #waleg
0:58

After Gov. Bob Ferguson promised to not raise taxes last year, Olympia Democrats voted to shut the public out of the budget process, and then passed the LARGEST TAX INCREASE & spending spree in state history. In late 2025, Gov. Ferguson said he didn't want to raise taxes again, but then came out in support of an income tax not long after. Be mindful of these budget gimmicks. #tbt March 29, 2025 -Right after Olympia Democrats voted to shut the public out of the budget process: Sen. Keith Wagoner slams Legislative Democrats' budget process, calling it irresponsible. He highlights concerns over closed-door negotiations, severe lack of public transparency, and no opportunities for open debate or amendments. Government should be open and transparent for everyone. #UnaccountableWA #GovernmentGreed #AntiTransparency #waleg

WA Senate Republicans

29,425 Aufrufe • vor 9 Monaten

New York City Mayor Zohran Mamdani unveiled his preliminary financial plan Tuesday on the heels of the announcement that the state will give the city $1.5 billion to help fix a massive budget shortfall. His new fiscal plan seeks to close a multibillion budget gap with two choices: tax the rich or increase property taxes. The plan has been praised by his base, but opponents warn of some of the consequences to his proposal - including the risk of wealthy New Yorkers and companies fleeing New York City. @Jared_CBS spoke with experts about Mamdani's budget proposal, including a co-chair with the Democratic Socialists of America who says if his plan doesn't work, it falls on Gov. Hochul. While a senior fellow at the Manhattan Institute says this "seems to be his first political misstep."
3:53

New York City Mayor Zohran Mamdani unveiled his preliminary financial plan Tuesday on the heels of the announcement that the state will give the city $1.5 billion to help fix a massive budget shortfall. His new fiscal plan seeks to close a multibillion budget gap with two choices: tax the rich or increase property taxes. The plan has been praised by his base, but opponents warn of some of the consequences to his proposal - including the risk of wealthy New Yorkers and companies fleeing New York City. @Jared_CBS spoke with experts about Mamdani's budget proposal, including a co-chair with the Democratic Socialists of America who says if his plan doesn't work, it falls on Gov. Hochul. While a senior fellow at the Manhattan Institute says this "seems to be his first political misstep."

CBS News

29,166 Aufrufe • vor 7 Monaten

Washington state Democrats in the House and Senate have introduced a pair of bills to tax the state's highest earners. Senate Bill 6346 and House Bill 2724 would create an income tax for Washingtonians who make more than a million dollars each year at a rate of 9.9%. Washington Gov. Bob Ferguson said he agrees with a lot of the bill, but that there's still work to do. Full story here: #komo #komo4 #komonews #komo4news #seattle #washington #democrats #republicans #millionaire #millionairetax #wealthtax #olympia #ferguson
1:29

Washington state Democrats in the House and Senate have introduced a pair of bills to tax the state's highest earners. Senate Bill 6346 and House Bill 2724 would create an income tax for Washingtonians who make more than a million dollars each year at a rate of 9.9%. Washington Gov. Bob Ferguson said he agrees with a lot of the bill, but that there's still work to do. Full story here: #komo #komo4 #komonews #komo4news #seattle #washington #democrats #republicans #millionaire #millionairetax #wealthtax #olympia #ferguson

KOMO News

25,224 Aufrufe • vor 8 Monaten

A final vote has now changed what drivers will pay every time they use two specific toll roads. For some motorists, the price will soon be cut in half. For everyone else, the bill will stay the same. In a 6-0 vote, members of the Washington State Transportation Commission created the state's first low-income toll discount program for the SR 509 and SR 167 Expressways. Qualifying drivers will receive a 50% discount off the standard Good To Go! toll rate for two-axle vehicles. State transportation officials will begin enrolling eligible drivers this fall, with the reduced rates taking effect as early as December. Link: #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews #TollDiscount #LowIncome #StateRoute509 #GoodToGo
1:28

A final vote has now changed what drivers will pay every time they use two specific toll roads. For some motorists, the price will soon be cut in half. For everyone else, the bill will stay the same. In a 6-0 vote, members of the Washington State Transportation Commission created the state's first low-income toll discount program for the SR 509 and SR 167 Expressways. Qualifying drivers will receive a 50% discount off the standard Good To Go! toll rate for two-axle vehicles. State transportation officials will begin enrolling eligible drivers this fall, with the reduced rates taking effect as early as December. Link: #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews #TollDiscount #LowIncome #StateRoute509 #GoodToGo

KOMO News

21,861 Aufrufe • vor 2 Monaten

Gavin Newsom presented his final state spending plan as California's governor today. I asked if he has any budget-related regrets, anything he'd do differently in last 8 years? "To me, it's not about the rearview, it's about the windshield," he said in lengthy response:
2:57

Gavin Newsom presented his final state spending plan as California's governor today. I asked if he has any budget-related regrets, anything he'd do differently in last 8 years? "To me, it's not about the rearview, it's about the windshield," he said in lengthy response:

Ashley Zavala

32,818 Aufrufe • vor 5 Monaten

Washington Gov. Bob Ferguson said Tuesday he recently held a “lengthy” conversation with Starbucks leadership ahead of the company’s announcement that it plans to build a new headquarters in Nashville. “Starbucks is an important part of the fabric of our community here in Washington state, to put it mildly,” Ferguson said, adding he would work to support the company “in every way possible.” Ferguson also acknowledged the company’s decision to expand outside its home state, framing it as part of a broader national trend. Link: #washingtonnews #BobFerguson #Starbucks #HQ #Nashville #WashingtonState
1:28

Washington Gov. Bob Ferguson said Tuesday he recently held a “lengthy” conversation with Starbucks leadership ahead of the company’s announcement that it plans to build a new headquarters in Nashville. “Starbucks is an important part of the fabric of our community here in Washington state, to put it mildly,” Ferguson said, adding he would work to support the company “in every way possible.” Ferguson also acknowledged the company’s decision to expand outside its home state, framing it as part of a broader national trend. Link: #washingtonnews #BobFerguson #Starbucks #HQ #Nashville #WashingtonState

KOMO News

17,101 Aufrufe • vor 5 Monaten

While watching TV, you might start noticing campaign ads for Initiative 645. Initiative 645 aims to repeal the state's "millionaires tax" before a single cent is actually ever brought in from it. The millionaires tax applies to anyone or household making more than a million dollars each year; the first million dollars of earnings are exempt from the tax, but any dollar made above that threshold will be subject to a 9.9% state income tax come 2029, should it withstand challenges. While fewer than 1% of Washingtonians will pay into the tax, it would earn the state an estimated $3.5 billion each year, which would help keep the state budget well-funded as Washington faces major money shortfalls. Full story here: #komo #komo4 #komonews #seattle
2:47

While watching TV, you might start noticing campaign ads for Initiative 645. Initiative 645 aims to repeal the state's "millionaires tax" before a single cent is actually ever brought in from it. The millionaires tax applies to anyone or household making more than a million dollars each year; the first million dollars of earnings are exempt from the tax, but any dollar made above that threshold will be subject to a 9.9% state income tax come 2029, should it withstand challenges. While fewer than 1% of Washingtonians will pay into the tax, it would earn the state an estimated $3.5 billion each year, which would help keep the state budget well-funded as Washington faces major money shortfalls. Full story here: #komo #komo4 #komonews #seattle

KOMO News

39,507 Aufrufe • vor 14 Tagen

Exclusive: Andy Burnham is facing a significant deterioration in the public finances that will leave him needing to find about £10 billion in either tax rises or spending cuts in his first budget. The State of It, the political podcast from The Times and The Sunday Times has been told that the Office for Budget Responsibility, the fiscal watchdog, has entered its critical ten-day forecast period when it assesses the state of the economy The findings are used to calculate the cost of debt interest that underpins the budget A senior government source said that the timing is “hugely challenging” for John Healey, the chancellor, because of the impact of the war in Iran. Economists believe that it makes tax rises or spending cuts inevitable While Healey wants what he has described to colleagues as a “focused budget”, economists said the government’s £23 billion worth of fiscal headroom - a cushion against future spending - has fallen to as little as £5 billion once the cost of Burnham’s pledges on the cost of living have been factored in Healey has signalled to markets that he intends to ensure there is a “buffer” in the budget to protect against uncertainty bu has not said how much. One government source said there have been discussions about a buffer of £15bn The pressures are everywhere. The average energy bill is forecast to rise by as much as 26 per cent in January, equivalent to £442 a year. The government is considering options for further support for the poorest households, a move that will add to pressure on the public finances
0:44

Exclusive: Andy Burnham is facing a significant deterioration in the public finances that will leave him needing to find about £10 billion in either tax rises or spending cuts in his first budget. The State of It, the political podcast from The Times and The Sunday Times has been told that the Office for Budget Responsibility, the fiscal watchdog, has entered its critical ten-day forecast period when it assesses the state of the economy The findings are used to calculate the cost of debt interest that underpins the budget A senior government source said that the timing is “hugely challenging” for John Healey, the chancellor, because of the impact of the war in Iran. Economists believe that it makes tax rises or spending cuts inevitable While Healey wants what he has described to colleagues as a “focused budget”, economists said the government’s £23 billion worth of fiscal headroom - a cushion against future spending - has fallen to as little as £5 billion once the cost of Burnham’s pledges on the cost of living have been factored in Healey has signalled to markets that he intends to ensure there is a “buffer” in the budget to protect against uncertainty bu has not said how much. One government source said there have been discussions about a buffer of £15bn The pressures are everywhere. The average energy bill is forecast to rise by as much as 26 per cent in January, equivalent to £442 a year. The government is considering options for further support for the poorest households, a move that will add to pressure on the public finances

Steven Swinford

48,939 Aufrufe • vor 28 Tagen

🚨 Californians CANNOT afford the Governor’s budget BS. While Governor Newsom is in Davos lecturing the world, California is in an economic mess. We have record state revenue driven by positive economic growth—yet for the first time in state history, California is facing its fourth consecutive budget deficit. That tells you everything. This is not a revenue problem. This is a spending problem. If we’re running deficits in good economic years, imagine how bad it will be in a downturn. Newsom’s budget proves why he shouldn’t be teaching anyone what to do unless it’s what NOT to do. As the new Budget Vice Chair, I’ll be the bad guy who demands fiscal restraint, accountability, and putting Californians first.
1:57

🚨 Californians CANNOT afford the Governor’s budget BS. While Governor Newsom is in Davos lecturing the world, California is in an economic mess. We have record state revenue driven by positive economic growth—yet for the first time in state history, California is facing its fourth consecutive budget deficit. That tells you everything. This is not a revenue problem. This is a spending problem. If we’re running deficits in good economic years, imagine how bad it will be in a downturn. Newsom’s budget proves why he shouldn’t be teaching anyone what to do unless it’s what NOT to do. As the new Budget Vice Chair, I’ll be the bad guy who demands fiscal restraint, accountability, and putting Californians first.

David Tangipa

51,215 Aufrufe • vor 8 Monaten

🚨 WOW! Gov. Ron DeSantis just said after his upcoming vetoes, Florida will have REDUCED state spending for 4 years in a row... ...and nearly HALF of ALL state debt has been paid off since 2019 🔥 "Our budget, even though we have MILLIONS of more people than New York State, New York's budget is more than TWICE the size of Florida's budget, and people can ask, where's all that money going?" "And in fact, I'm going to be dealing with our current, our next fiscal year budget. And once I do my vetoes, I will be able to say that we have actually at the state level in Florida reduced spending four years in a row." "Now that's foreign to some of those blue states, but they're quite frankly, aren't very many jurisdictions that are doing it. So we're proud of that. We obviously have a very light tax at the state level, but the one thing that's been tough for people is the property tax." And now property taxes will be largely removed. LFG ☀️
0:41

🚨 WOW! Gov. Ron DeSantis just said after his upcoming vetoes, Florida will have REDUCED state spending for 4 years in a row... ...and nearly HALF of ALL state debt has been paid off since 2019 🔥 "Our budget, even though we have MILLIONS of more people than New York State, New York's budget is more than TWICE the size of Florida's budget, and people can ask, where's all that money going?" "And in fact, I'm going to be dealing with our current, our next fiscal year budget. And once I do my vetoes, I will be able to say that we have actually at the state level in Florida reduced spending four years in a row." "Now that's foreign to some of those blue states, but they're quite frankly, aren't very many jurisdictions that are doing it. So we're proud of that. We obviously have a very light tax at the state level, but the one thing that's been tough for people is the property tax." And now property taxes will be largely removed. LFG ☀️

Eric Daugherty

211,546 Aufrufe • vor 4 Monaten