Ouch. From The Spokesman-Review:
Washington’s state government – which pays for schools, prisons, colleges, last-resort medical coverage for the poor and hundreds of other things — now faces a $4.6 billion budget shortfall over the next two year, state officials say.
That’s up $1.4 billion from what was expected just two months ago.
Now that we’re facing nearly unprecedented economic woes in this country, and with consumer spending in the tank, it’s utterly predictable that a system of taxation that relies so heavily on regressive taxes on consumers will basically break down.
Yeah, I know. Don’t touch that third rail (income tax) or you’ll be electrocuted. Far better to dismantle the state’s education system, that will fix things. Is there no way to move forward with tax reform by ditching awful things like the business and occupation tax and reducing sales and property taxes? It’s impossible no matter what forever and ever and ever?
Okay, hope you liked that educated workforce, it was neat while it lasted. Now start chopping those universities and community colleges!