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GOP opposes tapping pension funds and 75-year Sound Transit bonds, calls for governance fixes
Summary
Republican senators opposed using pension assets to balance the budget and criticized a proposal to let Sound Transit issue 75-year bonds, calling that approach financially irresponsible and urging governance and oversight reforms for transit bonding.
Republican lawmakers used the briefing to oppose two distinct fiscal ideas they say pose long-term risks: tapping public pension funds to balance the budget and allowing Sound Transit to issue 75-year bonds.
On pension funds, reporters asked about a House bill that would tap funds from the state’s "plan 1" pension system. Senator Drew McEwen and other GOP leaders said taking pension assets to balance the budget is…
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