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>>

  • Body of missing hunter found, appears to have died of natural causes

    Body of missing hunter found, appears to have died of natural causes

    Saturday, October 20 2018 8:20 PM EDT2018-10-21 00:20:17 GMT
    WALLA WALLA, WA- The body of a missing hunter was found in heavy brush near the South Fork of the Coppei Saturday morning. At 5:12 a.m., Walla Walla County Sheriff's Deputies were made aware that a hunter hadn't returned. They learned that 60-year-old Patrick L. Beuttner of Walla Walla had recently complained of heart problems and had not been seen or heard from since Friday.  By 6:19 a.m. Beuttner's truck was located and the Search and Rescue team was activated. While SAR was...More >>
    WALLA WALLA, WA- The body of a missing hunter was found in heavy brush near the South Fork of the Coppei Saturday morning. At 5:12 a.m., Walla Walla County Sheriff's Deputies were made aware that a hunter hadn't returned. They learned that 60-year-old Patrick L. Beuttner of Walla Walla had recently complained of heart problems and had not been seen or heard from since Friday.  By 6:19 a.m. Beuttner's truck was located and the Search and Rescue team was activated. While SAR was...More >>
  • Walla Walla man killed while stopped on shoulder

    Walla Walla man killed while stopped on shoulder

    Saturday, October 20 2018 7:09 PM EDT2018-10-20 23:09:45 GMT
    NEAR BAKER CITY, OR-  A Walla Walla man is dead after being hit by a car while stopped on the shoulder checking the pressure in his tires.  On Friday, October 19, 2018, at about 5:12 p.m., a fatal crash occurred on Oregon Route 86, milepost 2.5, near Baker City.  The location was just east of Interstate 84, milepost 302 interchange.  Preliminary information revealed that 59-year-old Dennis Tim Cheney of Walla Walla had parked his 1998 Dodge Pickup and large ...More >>
    NEAR BAKER CITY, OR-  A Walla Walla man is dead after being hit by a car while stopped on the shoulder checking the pressure in his tires.  On Friday, October 19, 2018, at about 5:12 p.m., a fatal crash occurred on Oregon Route 86, milepost 2.5, near Baker City.  The location was just east of Interstate 84, milepost 302 interchange.  Preliminary information revealed that 59-year-old Dennis Tim Cheney of Walla Walla had parked his 1998 Dodge Pickup and large ...More >>
  • SWX High School Football - Game of the Week Scores 10-19-18

    Saturday, October 20 2018 1:32 AM EDT2018-10-20 05:32:10 GMT

    SWX Game of the Week Scores 10-19-18

    More >>

    SWX Game of the Week Scores 10-19-18

    More >>