ESSB 5092 – 2021-23 Operating Budget
Bill briefState Budgets Taxes & Fees
Despite the pandemic, the state operating budget is back to where it was projected to be pre-COVID. State tax revenue increased by 13.6% during the COVID shutdowns and will grow by $4.3 billion in 21-23. The 21-23 budget spends about $58.9 billion in state funds, an increase of $7 billion (13.6%) over 19-21. The increased spending is supported by $4.3 billion in natural revenue growth, a new tax on capital gains, a new $100 surcharge on recorded documents, and a new premium tax on captive insurance companies.
Bill Numbers:
Keywords:
Apple Health
Behavioral health
Budget Stabilization Account (BSA)
Capital gains tax
Child care
Community custody/supervision
COVID-19/corona
Developmental disabilities
Document recording fee
Fair start
Federal stimulus funds
Forest practices
Foster care
General fund
Health care programs
Higher education financing
Homelessness
Housing
Immigrant Relief Program
Insurance
K-12 education
Long-term care services
Medicaid
Mental health
Operating budget
Revenue
School funding
State employee compensation, salaries, benefits and collective bargaining agreements
State need grant
State parks
State v. Blake
Substance use disorder (SUD)
Supplemental Nutrition Assistance Program (SNAP)
Temporary Assistance for Needy Families (TANF)
Trueblood
Unemployment Insurance (UI) Trust Fund
Washington Rescue Plan Transition Account (WRPTA)
Workforce Investment Act
Working Families Tax Credit
DOWNLOAD PDF