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Thu December 1, 2011
Businesses get a $350M break from state worker programs
OLYMPIA, Wash. – Washington businesses will get some unexpected tax relief next year – to the tune of $350 million. Governor Chris Gregoire made the announcement Thursday in Olympia.
“There will be no overall increase in workers’ compensation rates in 2012 and an actual reduction in unemployment insurance rates for all rate classes," Gregoire said.
Gregoire says the savings for businesses are the result of cost-cutting measures passed by the legislature earlier this year.
The Association of Washington Business calls the announcement a “welcome surprise.” The National Federation of Independent Business says workers comp rates in Washington are still too high overall.
Copyright 2011 Northwest News Network