Tagged: budget woes

OLYMPIA, Wash. – A follow-up now to a story we first brought you in December. It was about the default of an under-performing hockey and concert arena in Wenatchee, Washington. Governor Chris Gregoire recently signed into law a rescue plan for that project. But the new law also aims to prevent future municipal defaults.

Here’s the quick back story. On December 1st of last year, the Town Toyota Center in Wenatchee went into default. This happened after the two counties and seven small cities that backed the events center missed a $42 million balloon payment.

OLYMPIA, Wash. — Republicans and Democrats are merging closer on tax policy as they begin to formulate solutions on the state's budget shortfall.

OLYMPIA, Wash. — Washington state lawmakers are pressing ahead with a series of mostly driving-related fee increases to raise money for road repairs and other transportation needs.

The fee increases, which include an 80 percent hike for driver's licenses, passed out of the Senate Transportation Committee Monday. They would raise an estimated $52 million next year and an average of $80 million each year over the next decade.

OLYMPIA, Wash. – Washington Governor Chris Gregoire is set to propose a mix of cuts and new revenues to close a $1.4 billion budget shortfall. The Democrat has scheduled a news conference Monday morning.