US EditionFiscal Fallout: Washington State Government Spending Surges 116% Since 2015
WASHINGTON STATE, JUL 13 – Washington state spending rose over 116% since 2015, driven by major tax increases and department budget growth, with a $444 million deficit projected for 2028, officials said.
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Colorado Politics
Fiscal fallout: Washington state government spending surges 116% since 2015
(The Center Square) – Washington state faces deficit spending by 2028 as lawmakers just hit taxpayers with the state’s largest combined tax increase – all driven by massive state spending increases over the past decade, an investigation of state budgets…
The US debt has risen to 36.6 trillion dollars. Many financial companies see growing mistrust of fiscal policy. "The margin for error is getting smaller and smaller.
Washington State Government Spending has Surged 116% Since 2015
OLYMPIA, WA – Washington state faces deficit spending by 2028 as lawmakers just hit taxpayers with the state’s largest combined tax increase – all driven by massive state spending increases over the past decade, an investigation of state budgets by The Center Square found. Washington state spent about $80 billion in the 2013-15 budget but is set to spend more than $173 billion in 2025-27, a more than 116% increase over that time. U.S. inflation …
The US has doubled its debt since 2015 and will soon have to pay a trillion dollars in interest—more than its annual military expenditures. Such states are doomed to decline under the "Ferguson Act."
Since 2015, the US debt has doubled, the interest burden is growing: the global financial sector is nervous. Observers believe a bigger crisis will be possible in a few years.
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