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Capital gains tax surge eases but doesn’t solve Washington state budget woes - The Daily Chronicle
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Capital gains tax surge eases but doesn’t solve Washington state budget woes - The Daily Chronicle
A windfall of capital gains tax payments is providing temporary relief for Washington’s budget, but other collections are down, and lawmakers still expect to face financial difficulties next year. A revenue forecast released Friday shows Washington hauled in $1.5 billion from the capital gains tax. Those collections are roughly twice what was expected in February. They offset a $423 million drop from other tax sources since the forecast adopted …
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