Governor Inslee’s Proposed 2017-19 Biennial Operating and Capital Budgets
On Wednesday, Governor Inslee released his proposed 2017-19 biennial operating and capital budgets. For a detailed analysis and summary of the Governor’s proposals, please review the OPB brief.
The Governor’s ambitious spending plan relies on new revenue streams, including closing tax exemptions and establishing a new capital gains tax, to make significant investments in K-12 education, mental health, and homelessness. Funding for the UW would include salary increases for faculty and staff and additional enrollment capacity in the UW’s WWAMI medical education program.
The Governor would freeze resident undergraduate tuition across all public higher education institutions for two years, and would provide funding to cover the difference between the tuition freeze and incremental revenue expected under current policy. Finally, his plan would allocate $116 million to expand the State Need Grant Program to reduce the number of students who are currently eligible but unserved due to insufficient funding.
As a reminder, this budget release marks the first step of a lengthy budget process. Lawmakers in the Senate and the House will have the opportunity to release their own budget proposals over the course of the 2017 legislative session – set to begin on Monday, January 9, 2017.
Stay tuned to the OPBlog for updates during the 2017 legislative session.