The Latest: Washington Legislature OKs two-year state budget

OLYMPIA, Wash. — The Latest on the Washington Legislature moving toward adjournment (all times local):

11:45 p.m.

The House passed a new $52.4 billion state budget on a 57-41 vote shortly after the Senate approved it on a 27-21 vote.

The budget relies on more than $800 million in new revenue, including an increase in business and occupation taxes on large banks and a change to the state’s real estate excise tax, and looks to spend more in several areas of state government, including special education in the K-12 system and the state’s behavioural health system.

Lawmakers are racing to finish their work and adjourn ahead of a midnight deadline or else will need to head into overtime.

11:10 p.m.

The Washington Senate has approved a $52.4 billion two-year state budget that relies on more than $800 million in new revenue, including an increase in business and occupation taxes on large banks and a change to the state’s real estate excise tax.

The measure passed on a 27-21 vote late Sunday night and now heads to the House. Lawmakers are racing to finish their work and adjourn ahead of a midnight deadline or else will need to head into overtime.

The budget looks to spend more in several areas of state government, including special education in the K-12 system and the state’s behavioural health system.

10:30 a.m.

Washington lawmakers have started the last day of their 105-day legislative session, but still have to pass a new two-year budget by midnight in order to avoid going into overtime.

Lawmakers were back at the Capitol Sunday after the second night in the row where they worked overnight, passing tax bills tied to the budget until nearly sunrise.

The proposed $52.4 billion budget relies on more than $800 million in new revenue, including an increase in business and occupation taxes on large banks and technology companies and a change to the state’s real estate excise tax.

The budget looks to put more state money into K-12 and higher education, as well as the state’s behavioural health system.

Republicans have decried the middle-of-the night adoption of tax increases following recent revenue forecasts that showed more money coming into the state.

Источник: Nationalpost.com

Источник: Corruptioner.life

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