WA's $79.4B budget relies on reserves, cuts, and one-time transfers

Gov. Bob Ferguson’s latest budget withdraws $880M from reserves, reduces child care subsidies, and shifts $375M from infrastructure funding to balance the $79.4B plan—while leaving a projected $878M deficit in 2028 and delaying new tax revenue. https://www.clarkcountytoday.com/news/with-more-state-financial-stress-on-horizon-ferguson-signs-wa-budget/ #Washington #statebudget #education #childcare #housing #deficit #BobFerguson #legislature #politics