So Washington is Facing Another Budget Crisis | Mark Harmsworth

Washington Policy On The Go is WPC's bi-weekly (weekly during the legislative session) virtual lunchtime event series featuring center directors and guests to inform you on the latest in Washington State policy research and analysis. In this video we talk with WPC's Director for Small Business about the looming budget deficit, government-run grocery stores, and renters unions. If you find our videos useful, consider making a donation! We receive government funds nor make ad or sponsor revenue from our videos and rely on generous contributions from individuals like you! Donations to WPC are tax-deductible as allowed by law. Consider supporting us at https://washingtonpolicy.org/giveyt 00:00 - Introduction 00:57 - Washington’s looming deficit 03:05 - Spending vs. inflation 06:12 - Income tax assumptions 08:55 - Wealth leaving Washington 11:40 - Could the income tax expand? 15:16 - Will Olympia actually cut spending? 17:23 - Transportation and capital budget problems 19:24 - Seattle’s population “growth” problem 23:29 - Seattle government grocery stores 26:59 - Crime, shoplifting, and business costs 29:17 - Tacoma tenant union proposal 35:08 - Housing supply and zoning Visit our homepage for the latest Washington news: https://washingtonpolicy.org Sign up for our FREE newsletter: https://washingtonpolicy.org/signup Follow us on our social platforms! Facebook: / washington.policy.center | X: https://x.com/wapolicycenter | Instagram: / washingtonpolicy | TikTok: / washingtonpolicy