Washington's Financial Crisis Is Here | Billions in Deficits, Tax Hikes & Budget Cuts Ahead
Washington State is facing a growing fiscal crisis. From Olympia to Seattle, King County, Pierce County, Thurston County, and beyond, governments are confronting billions of dollars in structural budget deficits.
In this episode, we break down: • Washington State's projected $4.3 billion structural deficit • Seattle's nearly $500 million budget shortfall • King County's budget challenges • Pierce County's reserve drawdowns and new sales tax • Thurston County's spending cuts and hiring freeze • How temporary federal COVID relief (ARPA) affected local budgets • Why governments across Washington…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.