Washington State Treasurer's Big Plan to Fund Education
I have to give credit to State Treasurer Jim McIntire. He went all in on a new plan that wouldn't just fund public education but entirely revamp how our state collects taxes. (His plan apparently would fund what State Superintendent Randy Dorn suggested for public ed spending.) He would: create a 5% personal income tax get rid of the state property tax lower the state sales tax (from 5.5 to 6.5%) and reduce some business taxes He says at the end of all that- with more state revenue but lower local levies - the State would be up by $4B. He'd like to see this on the ballot in 2016. (But it would also take a vote of the Legislature as well.) I am not in a position to analyze (I'm not sure I even have that skill set) but I'm with him - a conversation needs to be started. And, as usual, you have legislators like ed reform's Rep. Chad Magendanz (R-Issaquah) who says nah, we just need to shuffle around the deck chairs. He is right that this can't be ...