YAKIMA, Wash. – State Treasurer James McIntire spoke to the Greater Yakima Chamber of Commerce Monday about the services his office is providing to the state and the current business environment.
McIntire also commented on last week's election and the impact it will have in Olympia for the new year.
Voters sent a message to lawmakers they don't approve of any of their methods to earn state revenue through taxes, he said. The decision to require a two-thirds majority will limit lawmakers' options.
"For any kind of tax increase," said McIntire. "It's virtually impossible so my sense is that the legislature is going to be cutting the budget,"
The election also brought a change in the makeup of the state capitol that will likely bring a difficult and contentious new session in 2011, he said.
Business leaders also asked about bonds issued by the treasurer's office as well as how to balance the budget at the luncheon inside the Red Lion Hotel.