WA may have to dip into emergency reserves, despite historic tax increases

Washington state may need to dip into its rainy day fund by the end of the 2025-27 biennium, even after enacting the largest tax increase in state history. Lawmakers point to overspending and warn that course corrections may be needed early next year. https://clarkcountytoday.com/news/wa-may-have-to-dip-into-emergency-reserves-despite-historic-tax-increases/ #WashingtonBudget #ERFC #StateRevenue #TaxIncrease #RainyDayFund #EdOrcutt #MikePellicciotti #WAleg #StateSpending #PublicFinance