AWB Statement on Senate Supplemental Budget Proposal
OLYMPIA -- The Association of Washington Business, Washington state’s largest business association representing small, medium and large employers, issued the following statement today from AWB President Kris Johnson regarding the Senate Majority Coalition Caucus’ proposed $38 billion supplemental budget:
"With state tax collections already growing at nearly 11 percent over this two-year budget cycle, the budget put forward today by the Senate is prudent and thoughtful. It’s a positive contrast from the House Democrats’ and governors’ budgets, and a solid starting point for bipartisan negotiations over the next two weeks.
"This budget proposal sends the message that lawmakers understand the challenges facing employers operating under the threat of new and higher taxes, particularly in a slowing economy. It also leaves nearly double the ending reserves than the House Democrats’ budget proposal and nearly triple the amount in the next two-year budget, savings that we are wise to build up in light of the recent state revenue forecast that shows a $436 million decline in anticipated revenues. As past economic downturns have shown, proper management of the state’s ‘savings account’ could mean the difference between weathering the storm with reserves or hitting residents and employers with higher taxes at a time they can least afford it."
About the Association of Washington Business
Formed in 1904, the Association of Washington Business is Washington's oldest and largest statewide business association, and includes nearly 8,000 members representing 700,000 employees. AWB serves as both the state’s chamber of commerce and the manufacturing and technology association. While its membership includes major employers like Boeing, Microsoft and Weyerhaeuser, 90 percent of AWB members employ fewer than 100 people. More than half of AWB’s members employ fewer than 10. For more about AWB, visit www.awb.org.