Ross Hunter

Category: Budget

  • Long-term pension costs in Washington

    Long-term pension costs in Washington

    The New York Times had an article this week about pension costs faced by states and large cities across America. Their argument is that the rate of return assumed by the plans is too high because returns for most funds over the last decade have been lower than the estimate. They say that 8% is…

  • New (Preliminary) Economic Forecast for Washington

    The Economic and Revenue Forecast Council has updated its forecast, as we do every quarter. This is the preliminary forecast. The final will be done in a couple of weeks when we get updated numbers from Global Insight, our vendor for national data. We modify that with specific data from Washington, and change a couple…

  • End of Session Budget Update

    Thank you for allowing me to represent you in the Washington State Legislature. It’s an honor and a privilege. This year was pretty “special.” There’s nothing like a little drama to spice up a legislator’s life. This session had it all – defections on budget votes, protesters requiring hearings to be shut down, people being…

  • House plans to move budget-related bills forward this week

    OLYMPIA – The House is moving forward Wednesday with a short list of bills that will be necessary to implement (NTIB) the supplemental operating budget. Although an agreement on the final budget has not yet been reached, the House Democratic negotiating team wants to get the ball rolling. “We have been negotiating in good faith…

  • SB 5539 – Film Credit bill

    Update 3/9/12: The bill was “pulled” from Ways and Means last night and passed the House 92-6. The official term is that Ways and Means was “relieved of consideration” of the bill. I believe this particular subsidy is similar to the way the economics of the NBA works and voted no, but clearly a majority…

  • More on the Slow Motion Default in Wenatchee

    In December we passed a bill out of Ways and Means, and then the House, but not the Senate that would have allowed Wenatchee to solve its own problems about financing their money-hemorrhaging arena, the Town Toyota Center. The region has continued to work on a mutually agreeable solution and a Senate bill embodying the…

  • Good Revenue and Caseload Forecasts Reduce Severity of Budget Problem

    Actually, we “found” about $87 million in the revenue forecast update and about $330 million in projections of less usage of state services over the remainder of the biennium. In addition to this there has been less utilization of services in the “TANF box,” which is what we call the bundle of services we administer…

  • Educational Goals: penny-wise and pound-foolish decisions

    The Ways and Means committee heard a number of contentious bills Saturday, including HB 2538, which is intended to save money for school districts by reducing requirements that the legislature has placed on them without funding. It was requested by the governor, and most of the savings came from lowering the frequency of audits when…

  • Landmark Supreme Court Case

    The week before session the Washington Supreme Court decided the McCleary case unanimously in favor of the plaintiffs – two families and a number of school districts who claimed that the state had historically underfunded its primary duty to fund education. As those of you who have followed my writings over the years know, I…

  • Data on State Employee Compensation

    Data on State Employee Compensation

    I’ve answered a lot of mail in the past few weeks and one theme that threads through many of the emails is that the number of state employees is increasing rapidly, that they are paid way too much, and that their benefits are vastly greater than private sector workers. The conclusion is that we should…