Other pages about the topic: Governor's proposed budget

Highlights of Gov Inslee's proposed 2020 budget

Read about the decisions behind Gov. Inslee's budget proposal, highlighting major areas of change.

Appropriations bills - 2020 supplemental budgets

The appropriations bills proposed by Governor Inslee for the 2020 supplemental and any documents referenced in the supplemental appropriations bills are included on this page.

Gov. Inslee's proposed 2020 supplemental budget

Last spring, Gov. Jay Inslee and the Legislature approved two-year state budgets that fund major reforms and expansions in behavioral health, education, affordable housing, orca recovery and climate action. Gov. Inslee is now proposing modest adjustments to those spending plans while calling for new investments in several strategic initiatives, including bold actions to address the state’s homelessness crisis, add early learning opportunities and strengthen the state’s efforts to promote diversity, equity and inclusion in the workplace.

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.

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