Transcript Document

Preliminary 2015–17 Operating Budget Outlook
Near General Fund (GF-State, Education Legacy Trust Account, Opportunity Pathways Account)
Projected Additional Revenue
$1 billion
$2.4 billion
Projected Additional Spending Needs
Maintenance & Carry Forward
Estimated $1.7 billion
Includes $647M to continue FY 2015
appropriation level.
Maintenance level estimate includes:
•$175M low-income health care
•$215M K-12 education
•$150M mental health, DD, long-term care
Policy Enhancements
$600M includes:
• early learning
$339M $200M $308M $216M • higher education
pension debt employee I-732 • state employee and
costs service health COLA higher education
care
salaries
• all other policy
enhancements
$1.2 billion –$2 billion
McCleary
Alaska
$50
Wisconsin
Hawaii
South Dakota
Tennessee
Alabama
Missouri
Oklahoma
Virginia
Florida
South Carolina
Georgia
New Hampshire
Idaho
Texas
Arizona
Louisiana
Montana
WASHINGTON
Utah
Mississippi
North Carolina
$130
Oregon
Colorado
Maryland
Nevada
Kentucky
Arkansas
Indiana
New Mexico
Michigan
Kansas
Massachusetts
Nebraska
Pennsylvania
Ohio
Iowa
Illinois
Delaware
Rhode Island
$150
Connecticut
California
West Virginia
$210
Minnesota
New Jersey
Maine
Vermont
Wyoming
New York
North Dakota
In 1995, Washington ranked 11th in state and local tax
collections … By 2011, we ranked 35th
$230
State and Local Tax Collections Per $1,000 Personal Income
Fiscal Year 2011
$190
$170
U.S. Average = $108.31
Washington $98.95
$110
$90
$70
Source: Bureau of Economic Analysis and Census Bureau
U.S. Department of Commerce