Other pages about the topic: Budget

State revenue projection for 2019–21 increased by $554 million

Revenue forecast for 2017–19 budget increased by $307 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2019–21 state budget have increased by nearly $554 million, according to estimates released March 20 by the Washington State Economic and Revenue Forecast Council.

“Despite fairly small changes to the economic forecast, stronger-than-expected taxable activity has resulted in moderate increases to forecasted revenue,” said Steve Lerch, forecast council executive director.

IT systems information moves from WaTech to OFM

Web pages related to enterprise IT systems have moved from the WaTech website to the OFM website:

These web pages include instructions, reference materials, links to training and other information related to systems that are used by multiple state agencies. These include accounting systems, budget and legislative systems, reporting systems and the Employee Self-Service (ESS) system for earnings statements and leave requests.

Interactive state budget (governor's proposed 2019-21)

What am I looking at and what can I do with this?

This is an interactive way to look at Gov. Inslee’s proposed 2019–21 state operating budget. It enables you to quickly drill down into all areas of the budget to find descriptions of every change proposed in the governor’s budget.  

Investing in Washington’s continuing success – Inslee releases biennial budget

Gov. Jay Inslee released his 2019–21 biennial budget today that makes significant investments in clean energy, behavioral health, orca recovery, education, statewide broadband and other crucial budget investments.

“Washington is the only state that consistently ranks as a top state for business and ranks as the top state for workers. But we know that prosperity is not shared equally and we must make investments to grow our economy, protect the most vulnerable and ensure that everyone has access to opportunity,” Inslee said.

Capital gains tax Q&A

Governor Inslee is proposing a capital gains tax on the sale of stocks, bonds and other assets to increase the share of state taxes paid by Washington’s wealthiest taxpayers. The state would apply a 9 percent tax to capital gains earnings above $25,000 for individuals and $50,000 for joint filers.

9 percent capital gains tax on individuals

Description

This proposal would tax individuals for the sale or exchange of capital assets they have held for more than one year, unless an exemption applies. Capital assets are personal property you own for investment or personal reasons and do not usually sell in the course of business. 

The tax would equal 9 percent of your Washington capital gains.

You would be required to pay capital gains tax if your taxable capital gains exceed:

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