Washington repeals estate tax increase; $340M impact on education

Gov. Bob Ferguson signed a new law repealing last year’s estate tax hike, returning Washington’s top rate to 20%. The reversal follows concerns about wealthy residents relocating and leads to a projected $340 million revenue dip for education. https://www.clarkcountytoday.com/news/gov-ferguson-signs-law-to-undo-wa-estate-tax-increase-enacted-last-year/ #WashingtonState #BobFerguson #estateTax #publicschools #statebudget #EducationLegacy #politics #taxpolicy #legislature #WashPol