Year: 2025
Type: article
Abstract: In this paper, we discuss the political and budgetary landscape of Washington State. With consistent Democratic leadership—in the governor’s mansion and with respect to legislative priorities—the state has been able to advance a more liberal policy agenda than states without Democratic majorities. In this session, the legislature voted to invest in the development of affordable housing, behavioral health initiatives, and policies designed to curb climate change. However, ballot initiatives in November might serve as a significant impediment to these policy pursuits. Voters will decide whether to keep the cap-and-trade climate policy, the capital gains tax, and the long-term care program for the state. The cap-and-trade policy, as well as the capital gains tax, serves as a means of revenue generation and the elimination of these resources would upend the budget in important ways moving forward.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Climate action
Open Access status: diamond
OpenAlex ID: W4406203369