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Budget chairs call governor's plan a start; caucuses split on millionaires' tax and rainy-day use

Washington State Legislative Preview · January 9, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Budget chairs called Gov. Bob Ferguson's supplemental budget a reasonable starting point but caucuses split on tapping the rainy-day fund and a proposed millionaire's income tax, with Democrats viewing it as a fairness measure and Republicans warning of capital flight and immediate fiscal risk.

The House and Senate budget chairs opened the 9:30 budget panel by describing Gov. Bob Ferguson's supplemental proposal as a responsible starting point for negotiations that address a roughly $2.3 billion shortfall.

Representative Tim Ormsby said the proposal "gives us a road map to resolving the shortfall," while Senator Drew Robinson said he views it as "a good starting place." The…

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