Dec 17 2008
Hold onto you wallets there’s a state budget deficit
Governor Christine Gregoire will release her balanced budget this week. It does not recommend new taxes to offset the expected $5.8 billion deficit. That sounds like the Governor plans to cut state spending, but before you signal approval, consider that there’s a game being played here. Odds are there will be a tax increase. The legislature is fixing to
raise your taxes without breaking Gregoire’s promise.
The majority Democrats in the state House and Senate must find a way to pass a balanced 2009-2011 budget are not about to slash the very programs and services that got them elected. That means that the legislature is going to look for ways top pay for things to keep the special interest groups they cater to happy, and that means turning to you. That means
raising your taxes. Of course we’ll hear them say that they tried everything possible to avoid tax increases, but trust me, they are already crafting their excuses. Republicans of course believe that the state’s budget problems are the result of previous overspending by Democrats and not lack of tax revenue. Democrats will tell you it’s all George Bush’s fault.
The good news is that the majority party in Olympia isn’t known for its courage. In this fragile economy, extracting more money from struggling taxpayers will not be politically popular. Therefore, you’ll see no boldness in the way these political weasels go about getting you to part with your limited resources. They plan to persuade voters to approve some forms of revenue increases by playing on past conceptual support for certain items voters seem to like, such as smaller class sizes and higher teacher salaries. Whatever they come up with, you’d better hold onto your wallets because they’re coming after you.
