It's Not Just the Recession: The Budget Crisis and Washington state's Structural Deficit

Publication Date: July 2003

Publisher: Economic Opportunity Institute

Author(s): Marilyn P. Watkins; Jason Smith

Research Area: Banking and finance; Economics

Keywords: Tax structure; Public services; Economic growth

Type: Report

Coverage: Washington

Abstract:

Questions how fast government and government spending should grow in light of a national economic downturn. Explains how the Washington's structural deficit virtually ensures revenue problems will remain even when the national economy flourishes. Concludes with a proposal for restructuring the state tax system to better fund public services and maintain state infrastructure.