Meaningful tax relief / 2022 Supplemental budgets
February 9, 2022
Washington state has an unusual problem right now: too much money. Soaring tax revenue and billions in federal coronavirus pandemic relief funds have left lawmakers with a robust bottom line as they work to develop and agree upon the state’s three supplemental budgets: operating, transportation and capital.
Typically, supplemental budgets make minor adjustments to the current two-year budgets. But it’s not a typical year.
After nearly two years of Congress giving out trillions to help the economy stay afloat during the pandemic, both red and blue states are cutting taxes, offering cre...