Other pages about the topic: Governor's proposed budget
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.
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:
This represents the account balances included in the Governor’s proposed transportation budget
The budget bills proposed by Governor Inslee for the 2019 supplemental and the 2019-21 biennium are included on this page.
Local funds are funds outside of the state treasury that are managed by a state agency.
The following section presents three tables that describe the 2019-29 capital plan. The first table, the 10-year capital plan project listing, displays the recommended capital plan for each agency by project and fund source. Table 2 displays the 2019-21 capital program by source of funds, and Table 3 displays the 2019-29 10-year plan by appropriation type.
Assumptions used in the development of the 10-year plan include the following:
Governor Inslee’s proposed capital budget appropriates nearly $5 billion (all funds) for state construction projects, grant and loan programs for local governments, and to build and improve K-12 schools and facilities for higher education. An average of 14,000 jobs per year will be created or sustained by the work funded in the capital budget.
Decisions behind the governor's budget proposal, highlighting major areas of change.