OLYMPIA, Wash. — Gov. Jay Inslee has unveiled his new state budget that includes $4.4 billion in new taxes to help fund K-12 public education.
The governor’s budget also includes $300 million to fix our state’s struggling mental health system.
He proposes to raise the money through increases to the Business & Occupational tax on services, a new carbon tax, and a new 7.9% tax on capital gains above $25,000 for an individual and $50,000 for couples.
Already, some Senate Republicans are calling it the biggest tax hike in state history.
Matt Lorch sat down with Governor Inslee to discuss the budget, taxes, and fixing the biggest problems facing our state.