State Treasurer submits education funding plan - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

State Treasurer submits education funding plan

Posted: Updated:

WASHINGTON – Today, Washington State Treasurer James McIntire proposed a comprehensive K-12 education funding plan to the Legislature’s Education Funding Task Force. 

McIntire’s submittal included a complete source of revenues to fully fund the State Supreme Court’s McCleary decision. The plan also addresses the fundamental unfairness of the state tax system, and if implemented, would provide sustainable funding for education in the future. 

“Our tax system is the most regressive in the nation,” McIntire said. “Low income households and businesses carry too much of the tax burden in our state. For several decades, our tax revenues have been growing, but not as fast as our economy and the demand for education.  As a result, the Legislature has shifted more and more of the tax burden to local school levies. We need a comprehensive funding plan to address the education needs that our voters and the Legislature passed into law, the constitution requires, and the state Supreme Court has ordered.

McIntire’s proposal includes eliminating the state property tax, limiting local school levies, lowering the B&O tax rate, and cutting the state sales tax rate from 6.5 to 5.5 percent.  Cuts would be offset by a constitutional 5 percent flat rate income tax dedicated to education with a $50,000 exemption for a family of four.

Treasurer McIntire’s education funding plan would lower taxes for most low and moderate income households, reduce the business tax burden for every business in the state, and increase funding stability for education.

HD DOPPLER 6i
/
  • Tri-CitiesTri-Cities NewsMore>>

  • Dogs can catch the human flu

    Dogs can catch the human flu

    Saturday, January 20 2018 10:10 PM EST2018-01-21 03:10:54 GMT
    HEALTH ALERT-   Flu season is upon us and even when you're careful there's one thing you may not have thought carried the flu virus According to Veterinarians dogs can catch the human flu. They may not experience symptoms but they can spread it to other dogs and humans.  Unfortunately, there is currently no way to test if your dog is contagious.  But if someone has the flu they says its important that they be mindful of taking their dogs out and about such as to...More >>
    HEALTH ALERT-   Flu season is upon us and even when you're careful there's one thing you may not have thought carried the flu virus According to Veterinarians dogs can catch the human flu. They may not experience symptoms but they can spread it to other dogs and humans.  Unfortunately, there is currently no way to test if your dog is contagious.  But if someone has the flu they says its important that they be mindful of taking their dogs out and about such as to...More >>
  • Inmate found dead in cell at Benton County Jail

    Inmate found dead in cell at Benton County Jail

    Saturday, January 20 2018 10:06 PM EST2018-01-21 03:06:15 GMT
    Kennewick Man Sentenced to Thirty Years Imprisonment for Production of Child PornographyKennewick Man Sentenced to Thirty Years Imprisonment for Production of Child Pornography
    KENNEWICK- The Benton County Sheriff's Office and the Special Investigative Unit (SIU) are currently investigating the death of an inmate on Saturday morning.  On Thursday at 7:30 p.m. the Richland Police Department arrived at the jail following the arrest of a 28-year-old male for Possession of Methamphetamine and an outstanding Kennewick warrant for theft. Upon completing the booking process, which includes a medical, mental health, and suicidal screening, no indications ...More >>
    KENNEWICK- The Benton County Sheriff's Office and the Special Investigative Unit (SIU) are currently investigating the death of an inmate on Saturday morning.  On Thursday at 7:30 p.m. the Richland Police Department arrived at the jail following the arrest of a 28-year-old male for Possession of Methamphetamine and an outstanding Kennewick warrant for theft. Upon completing the booking process, which includes a medical, mental health, and suicidal screening, no indications ...More >>
  • Polar Plunge raises thousands of dollars for Special Olympics

    Polar Plunge raises thousands of dollars for Special Olympics

    Saturday, January 20 2018 8:04 PM EST2018-01-21 01:04:52 GMT
    RICHLAND, WA.-- On Saturday, dozens of people braved the icy Columbia for 12th Annual Polar Plunge, which raises money for the Special Olympics. This year, the event was held at the Columbia Park Marina, and 292 people decided to make a splash! If you thought that number was big, how about this: as of this morning, the event raised over $55,000, which will help the 17,500 Special Olympics athletes across the state of Washington.  If you didn't get a chance to head out to t...More >>
    RICHLAND, WA.-- On Saturday, dozens of people braved the icy Columbia for 12th Annual Polar Plunge, which raises money for the Special Olympics. This year, the event was held at the Columbia Park Marina, and 292 people decided to make a splash! If you thought that number was big, how about this: as of this morning, the event raised over $55,000, which will help the 17,500 Special Olympics athletes across the state of Washington.  If you didn't get a chance to head out to t...More >>