Budget Crisis Hits State

Spokane News Today | 2 Min | The Daily News Now! · Jun 27, 2026 · 1m

The state faces a looming budget deficit of billions next year, fueled by a nearly $1 billion revenue drop through 2031. While short-term fixes like the capital gains tax offer little relief, Governor Ferguson vows no new taxes this session, instead targeting programs created since January 2019 for cuts. Senate Finance Chair June Robinson cautions it’s too early to predict tax hikes, noting the forecast is mixed. State officials blame inflation and global events for declining revenues and are ordering agencies to freeze new spending. Republicans blame Democratic overspending, insisting…