2010 Senior Lobby Day Photos
1501 S Capitol Way Rm 102
Olympia, WA 98501
Phone 360-754-0207
Fax 360-956-0362
info@waseniorlobby.org
www.waseniorlobby.org
The Department of Revenue (DOR) is the state's principal tax collection agency. DOR oversees about 60 different taxes. DOR collected 96% of state General Fund tax revenues and all local sales tax revenues. The biggest revenue generators were state and local sales and use tax,which accounted for nearly $11 billion; business and occupation (B&O) tax brought in $2.9 billion.
The Office of Financial Management (OFM) performs an ongoing role in the planning analysis and implementation of the state's operating and capital budgets. It has the primary responsibility for making budget recommendations to the Governor and presenting Governor's budget proposal to the Legislature and the public. After budgets are approved by the Legislature and signed into law by the Governor, OFM monitors state agency acitivies for conformance with executive and legislative intent.
OFM publishes fiscal analysis of Initiatives
The Office of Financial Management (OFM) has released its fiscal analysis of the six initiatives and one referendum on the ballot this fall. The fiscal reviews are required by RCW 29A.72.025. According to the law:
"A fiscal impact statement must describe any projected increase or decrease in revenues, costs, expenditures, or indebtedness that the state or local governments will experience if the ballot measure were approved by state voters. Where appropriate, a fiscal impact statement may include both estimated dollar amounts and a description placing the estimated dollar amounts into context. A fiscal impact statement must include both a summary of not to exceed one hundred words and a more detailed statement that includes the assumptions that were made to develop the fiscal impacts."
Here are OFM's findings for the ballot measures:
Washington Policy Center will be publishing a review of the policies proposed for each of these measures in the coming months.
State voters could see income-tax initiative for wealthy
New state revenue report has mostly good news
Gregoire signs new state budget into law
Running out of budget gimmicks, states face grim years
Financial issues are forcing states into calamitous binds about what they can do, see States Face Grim Years
2010 Supplemental Budget Proposed by the Governor - Agency Recommendation Summaries
Entire Recommendation Summaries Document contains the 2010 capital plan project list, fund summary and proposed alternate financing projects, see Summaries
Our Taxation Identity Problem
With a giant hole in the state budget and huge burden on the poor, some are thinking new taxes or tax reform, see Taxation Identity Problem
by Marilyn Watkins, Policy Director of Economic Opportunity Institute (EOI)
