With the announcement Thursday Feb 15th that even more money than predicted over budget is coming into State Coffers. Sen. Doug Ericksen’s bill introduced early in the session picks up momentum.
Please note There is a Townhall of 42nd Legislators Saturday Feb 17th at the Blaine Senior Center at 763 G Street Blaine from 2 to 4 PM.
In a facebook post Senator Ericksen states:
“The Trump Economy is working in Washington. Since Donald Trump was inaugurated in January of 2017, tax receipts for the state of Washington are $3BILLION above projections.
Today I anticipate the state will receive a new case load study showing case loads are down, meaning less money needs to be spent.
I am proposing that we cut property taxes by $1Billion immediately.
Property taxes are scheduled to increase by over 15% in parts of Whatcom County and we need tax relief now.”
As far as Senator Ericksen is concerned The solution: Use some of the extra money coming into the State Coffers (estimated at 3 Billion Dollars) to cover this one year “overage in collection” of taxes. In addition he states “its time, with the State’s booming economy over the last year, that the working families of Washington State get a break. They are the ones working hard and bringing more money into the General Fund for government to spend.”