Washington Tax Collections Are Running Below Forecast as the Economy Softens
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Washington state tax collections are below forecast due to a softening economy, potentially leading to a budget gap. The extent of the shortfall is unclear, with one report citing a $113 million deficit, while the situation is being closely monitored by state officials and business leaders. The state senate has approved a tax on high personal income, although its impact on the budget outlook is not specified.
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