October 19, 2015
AWB
   
Fast Facts
Bringing Business Up to Speed
Top Stories

Washington's tax collections continue upward trend, come in greater than forecasted



The monthly Economic and Revenue Update put forward by the state Economic and Revenue Forecast Council (ERFC) last week showed good news – tax collections were up nearly $28 million more than expected, representing 2.2 percent growth. Residential real estate sales accounted for the increase.

However, the Washington Research Council noted in their blog that this is the first tax collections report since Sept. 14 that the ERFC has revised downward by $1 million per month for the remainder of the 2015-17 budget cycle.

In more good news, a recent Pew analysis found that for the first time since the Great Recession began, Washington has finally moved into the list of states where tax revenue has recovered. The News Tribune has the story.

« Back to Main
Sponsors
Export-Import Bank Critical to Washington's Economy

Ex-Im Bank Is an Easy Yes

By Jay Timmons, president and CEO of the National Association of Manufacturers

ProGauge Technologies, Inc., a manufacturing company based in Bakersfield, California, is bidding on a project that could lead to 30 new jobs, but only five are staying here in the United States. The rest will be created abroad.

It didn't have to be that way. ProGauge is one of countless manufacturers in the United States, large and small, losing out on foreign sales and international deals because of Congress' failure to stand up for American jobs. "It's pretty sad not to be able to keep the jobs here," said ProGauge president Don Nelson.

Earlier this year, Congress allowed the Export-Import Bank's charter to expire and has not yet acted to reauthorize it. The Ex-Im Bank has served for more than 80 years as the U.S. export credit agency, ensuring access to competitive export financing for manufacturers in the United States that private banks are unable to offer. Countries around the world have similar credit agencies, and without ours, it is harder for U.S.-based companies to sell their products, made by American workers, overseas.

Click here to read the full column in U.S. News & World Report
Ag Worth Billions to State

Needed: More Water for Everyone in Yakima Valley

By The News Tribune editorial board

Some of America's richest farmland lies just over the Cascade Mountains in the Yakima River Valley. It provides most of the nation's apples and hops, and pulls billions of dollars into the state economy.

It's also fragile, as this year's unprecedented drought demonstrated. The valley's reservoir system is roughly a century old; even in the best of years, it doesn't deliver enough water to go around. U.S. Sen. Maria Cantwell has introduced a measure that would bring the system into the 21st century; the Senate should pass it.

Her bill would put the U.S. government behind the Yakima Basin Integrated Plan, a combination of irrigation, reservoir and habitat improvements. The legislation is backed by an improbably broad coalition that includes farmers, environmentalists, the Yakama Indians, fishermen, Republican and Democratic leaders.

A lot of those people are normally in the habit of squabbling with each other. Their unanimity in this case reflects the fact that the Integrated Plan pretty much makes everyone happy.

Click here to read the full editorial in The News Tribune
Upcoming Events
«

Sep

»
SMTWTFS
      1
2345678
9101112131415
1617192122
23242526272829
30123456

«

Oct

»
SMTWTFS
 123
13
14151617181920
2124252627
28293031123