Other pages about the topic: Budget

Investing in Washington’s continuing success – Inslee releases biennial budget

Gov. Jay Inslee released his 2019–21 biennial budget today that makes significant investments in clean energy, behavioral health, orca recovery, education, statewide broadband and other crucial budget investments.

“Washington is the only state that consistently ranks as a top state for business and ranks as the top state for workers. But we know that prosperity is not shared equally and we must make investments to grow our economy, protect the most vulnerable and ensure that everyone has access to opportunity,” Inslee said.

Capital gains tax Q&A

Governor Inslee is proposing a capital gains tax on the sale of stocks, bonds and other assets to increase the share of state taxes paid by Washington’s wealthiest taxpayers. The state would apply a 9 percent tax to capital gains earnings above $25,000 for individuals and $50,000 for joint filers.

9 percent capital gains tax on individuals

Description

This proposal would tax individuals for the sale or exchange of capital assets they have held for more than one year, unless an exemption applies. Capital assets are personal property you own for investment or personal reasons and do not usually sell in the course of business. 

The tax would equal 9 percent of your Washington capital gains.

You would be required to pay capital gains tax if your taxable capital gains exceed:

2019-21 transportation plan

Six-year transportation plans

This represents the account balances included in the Governor’s proposed transportation budget

Budget bills (2019-21)

The budget bills proposed by Governor Inslee for the 2019 supplemental and the 2019-21 biennium are included on this page.

10-year capital plan and expenditures

The following section presents three tables that describe the 2019-29 capital plan. The first table, the 10-year capital plan project listing, displays the recommended capital plan for each agency by project and fund source. Table 2 displays the 2019-21 capital program by source of funds, and Table 3 displays the 2019-29 10-year plan by appropriation type.

Assumptions used in the development of the 10-year plan include the following:

2019-29 capital plan

Governor Inslee’s proposed capital budget appropriates nearly $5 billion (all funds) for state construction projects, grant and loan programs for local governments, and to build and improve K-12 schools and facilities for higher education. An average of 14,000 jobs per year will be created or sustained by the work funded in the capital budget.

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