Tag Archives: Operating Budget

King votes for budget reductions during one-day special session

State lawmakers today approved several budget bills designed to narrow the state’s $1.1 billion budget gap during an emergency six-hour special session. Sen. Curtis King, R-Yakima, voted in favor of the bills, saying he supports this first step toward fiscal sustainability.

“This is just a first step,” King said. “The state still has to make more changes if we are to complete the current fiscal year without having a deficit, and even when we close the budget gap for the current biennium, the state will still be facing another multi-billion dollar shortfall going into the 2011-13 biennium. There are some vital structural reform proposals that need to be looked at in January if we’re going to get the state back on the right track.” Continue reading

King says lawmakers shouldn’t wait to address predicted deficit

The Legislature should be willing to reopen the two-year state operating budget approved in 2007 if that’s what it takes to bring spending more in line with revenue, said Sen. Curtis King, R-Yakima.

The state’s quarterly revenue forecast was released this afternoon. It predicts the state treasury will take in $423 million less in revenue during the 2007-09 biennium than expected in the previous quarterly forecast, from November. Continue reading