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Eye On Olympia

On taxes…

-Property tax foes are preparing an opening-day "Property Tax Tea Party" on the steps of the state capitol Jan. 14.

-Initiative 960, approved by voters in November, requires extensive public notices of tax and fee proposals in Olympia, as well as the 10-year costs of them. To sign up for email updates by state budget officials, click here.

-and The Association of Washington Business' Richard Davis takes a look at a recent Governing magazine study of the volatility of different state's tax structures. The surprising finding: Washington's oft-criticized heavy reliance on the sales tax has resulted in unusually stable revenue for the state in good times and bad.

Says Davis:

Certainly legitimate arguments can be made for changing the tax structure to make it more progressive, less burdensome on business, more conducive to economic development, or whatnot. But all of those changes invite new problems, including swapping stability for volatility. Read the whole article.

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