NAIOPWA Legislative Session Report - Week 7
Krystelle Purkey and Ehren Flygare, State Lobbyists
The most significant development of the week besides fiscal committee actions prior to the February 28 Fiscal Committee cutoff was Governor Bob Ferguson’s news conference, where he outlined approximately $4 billion in additional budget cuts for the legislature to consider. These cuts, on top of those in Governor Inslee’s proposed budget, could cover nearly half of the state’s projected shortfall.
Currently, the state operates on a balanced budget that extends through June 30, 2025. However, the primary focus of the 2025 legislative session is crafting a new operating budget for the following years. A significant challenge looms: a projected $15 billion gap between expected tax revenue over the next four years and the state’s existing financial commitments, including funding for education, healthcare, corrections, and human services.