State facing $12 billion shortfall
OLYMPIA – Governor-elect Bob Ferguson revealed a budget plan aimed at tackling Washington's projected $12 billion shortfall while investing in key priorities.
The plan features $4.4 billion in projected savings from reduced agency spending and $800 million in new investments.
Ferguson's strategy includes reducing management positions by 10-25%, cutting travel budgets, and reassessing programs launched with COVID-19 funding.
Ferguson stressed the importance of balancing savings with investments in public safety, housing, ferries, and affordability.
"Washingtonians expect us to govern efficiently while upholding our shared values," Ferguson said. "I intend to tackle our biggest challenges head on."
Ferguson's plan also includes $800 million for priorities like public safety, housing, and free school lunches for all students.
Ferguson plans significant investments in ferries and affordability:
• Public Safety: $200 million increase to law enforcement staffing and reducing case backlogs.
• Housing: $600 million to develop affordable housing and address the state's housing crisis.
• Ferries: $20 million to support island community ferry services.
• Affordability: Universal free school lunches and expanded childcare eligibility for small business employees.
The proposal prioritizes maintaining basic education funding, avoiding hidden costs in legislation, and protecting the state's Rainy Day Fund.
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