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Washington Tax Boost Could Save Services | Seattle News
Voters in Washington face a pivotal decision this fall: if they reject Initiative 645, the state could see an extra $3.1 billion in revenue from its high-earner income tax—up from the original $2.7 billion estimate—potentially averting deep budget cuts. The tax, targeting households earning over $1 million, now projects $8.3 billion over two years, with 25,000 households expected to pay, up from 21,000. Governor Ferguson opposes repeal, but official adoption of these figures hinges on the state’s chief economist reviewing the methodology. With legal challenges looming and economic forecasts…
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