TITLE

Washington's Outgoing Gov. Locke Proposes $26B Budget, New Taxes

AUTHOR(S)
Kelemen, Jasmina
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/20/2004, Vol. 350 Issue 32033, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the outgoing Governor of Washington D.C. Gary Locke presented a $26 billion budget that puts forward nearly $600 million of new taxes, only the second time the Democrat has proposed raising general taxes since taking office in 1997. Warning that the state faces a $1.8 billion budget gap over the next two years, the governor proposed a $504 million tax on alcohol and soft drinks and 1% gross receipts tax collected from physicians that should raise $94 million. As required by law, Locke also presented a balanced budget without the new taxes, which inflicts deeper cuts in education, health care and services. Republican Governor-elect Dino Rossi opposes new taxes and has publicly said it's possible to maintain popular state services without raising taxes. Locke proposes a new tax on liquor, wine, beer and a nickel levy on soft drinks. The new tax revenue is intended to support class size reductions in public schools, greater enrollment in higher education and health care and social services for the state's disabled and lower-income residents. The proposal also cuts spending by nearly $300 million, including reductions in mental health services for non-Medicaid clients, natural resource management programs, and nursing home reimbursement rates.
ACCESSION #
15416017

 

Related Articles

  • Washington Governor Proposes $22.9 Billion Budget, No Tax Increases. Williams, Rochelle // Bond Buyer;12/18/2002, Vol. 342 Issue 31535, p31 

    Reports on the $22.9 billion budget proposal given by Governor Gary Locke for Washington for 2003-2005. Requirements under the plan to deal with a projected $2 billion deficit; Issues to be covered by proposal; Plans on raising the salaries of teachers; Raise in funds for student achievement;...

  • Locke frees construction funds.  // Journal of Business (10756124);12/19/2001, Vol. 16 Issue 26, pA2 

    Reports the approval of budget for construction projects in Washington by Governor Gary Locke.

  • What can $252.5 million in federal funding buy? Vellotti, Jean Paul // Long Island Business News (7/1993 to 5/2009);7/14/2006, Vol. 53 Issue 29, p16A 

    The article reports on the announcement of Senator Charles Schumer that the Senate Appropriations Committee approved $252.5 million to fund several key programs at Brookhaven National Laboratory. The money was included in the Fiscal Year 2007 Energy and Water Appropriations Bill and will be made...

  • FY 1990 budget: Bush's words, Reagan's numbers. Bell, Nancy S. // BioScience;May89, Vol. 39 Issue 5, p292 

    Discusses President George Bush's budget for the fiscal year 1990. Report outlines the budget requests of seven agencies for research on global change.

  • Puerto Rico's Planned Balanced Budget Ends $703 Million in the Red. Slavin, Robert // Bond Buyer;7/28/2015, Vol. 1 Issue 34350, p1 

    Puerto Rico wound up with a $703 million deficit in 2015, a fiscal year it had budgeted to be at least superficially balanced, according to Puerto Rico Secretary of the Treasury Juan Zaragoza Gómez.

  • Tenn. faces new budget cuts. Investor's Business Daily // Investors Business Daily;4/ 2/2014, pA02 

    Gov. Bill Haslam amended his budget plan for the next fiscal year, citing a revenue shortfall of $150 mil. He's proposing to rescind a planned $72 mil pay hike for teachers and state workers, cut TennCare provider reimbursements by $18.5 mil and decrease higher-ed funding by $12.9 mil.

  • Budget Plans Greater Spending.  // West & Central Africa Monitor;Aug2006, Vol. 7 Issue 8, p4 

    The article reports on the impact of the release of the new budget plans on the efficiency of other methods of revenue mobilization in Kenya. The budget plans gained an increase in government spending for the coming fiscal year, resulting to an increase in total government spending....

  • Budgetary Outlook at Mid-Year 1970. Teeters, Nancy H. // Brookings Papers on Economic Activity;1970, Issue 2, p303 

    This article presents a budgetary outlook for fiscal year 1971 in the U.S. On May 19, 1970, the administration released official revisions of the 1971 budget. Expenditures were revised upward by $4.8 billion from $200.8 billion to $205.6 billion. Of the increase, $2.3 billion was for increased...

  • Rs1.31tr dev plan okayed.  // Engineering Review (Asianet-Pakistan);7/1/2014, Vol. 39 Issue 13, p2 

    The article presents a report on the development plan cleared by Pakistan's government body the Annual Plan Coordination Committee(APCC) for the fiscal year of 2014 to 2015. Topics discussed include details of the development plan, the budget allocation of the various sectors in the country and...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics