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Governor Ferguson's $78 Billion Budget Faces Affordability Backlash

5/21/2025

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Summary

Story summary

Washington Governor Bob Ferguson has unveiled a bold $78 billion operating budget to tackle a staggering $16 billion shortfall. This plan introduces $4.5 billion in new spending and $12.5 billion in taxes, primarily targeting businesses and high earners. With 42% dedicated to K-12 education and a six-cent increase in gas taxes, critics warn it could worsen affordability challenges for many residents.

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Story summary

Washington Governor Bob Ferguson has unveiled a bold $78 billion operating budget to tackle a staggering $16 billion shortfall. This plan introduces $4.5 billion in new spending and $12.5 billion in taxes, primarily targeting businesses and high earners. With 42% dedicated to K-12 education and a six-cent increase in gas taxes, critics warn it could worsen affordability challenges for many residents.