The ballot is brimming with initiatives that will directly affect Washington state’s budget, so let’s say the anti-tax arguments carry the day. What will this mean for lawmakers the next time they convene? The latest projection is that lawmakers are facing a $4.5 billion budget hole, which is much deeper than the $3 billion abyss they were already staring down. Gov. Chris Gregoire’s across-the-board cuts are needed to close an immediate $520 million budget hole. Some of the biggest reductions, according to preliminary estimates, will be at the Department of Social and Health Services, which will cut $280.3 million from programs for the state’s most vulnerable citizens; higher education will cut $84.6 million; the Department of Corrections, $52.7 million; and public schools, $36.4 million (largely in reduced levy equalization funds).