Looking ahead to Washington’s projected budget. Plus: taxes, unemployment, Seattle’s budget and early education

November 6, 2008 | Alex Stone

Gregoire’s Next Big Test: Balancing Budget Without Raising Taxes: On her way to re-election Tuesday, Gov. Christine Gregoire pledged not to increase taxes or fees to balance a state budget that’s projected to have a $3.2 billion shortfall over the next two years. Given what’s happening with the economy, that hole could easily get bigger.

How Far Would $50 Billion in Taxes on the Rich Go?: Democrats at Congress’s helm are discovering what Republicans learned by the end of President Bush’s first term: they have little leeway to do anything. But, you say, isn’t Congress going to try to rescind some of the Bush tax cuts? Most likely, yes, but not enough to make much headway against many problems that each entail annual shortfalls of hundreds of billions of dollars.

Jobless Claims Drop Slightly, Long-Term Claims Hit 25-year High: New claims for unemployment benefits dropped slightly last week, while the number of people continuing to receive benefits reached its highest level in more than 25 years, the government said Thursday.

Shortfall of $19 Million Expected in Seattle’s Budget: Seattle Mayor Greg Nickels expects a budget shortfall of nearly $19 million in the city’s 2009-2010 budget, the result of lower-than-expected revenues from sales taxes and business and occupation taxes.

Obama’s Early Childhood Agenda: From Where He Stood To Where He’ll Go: A new era is about to begin, and as usual, Sara Mead at Early Education Watch is keeping on eye on the post-election developments in early childhood education. While it will be months before newly elected President Barack Obama details how he will carry out his early childhood pledges, it’s important for journalists to be reminded of what he said — all the better to watch what he does.

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Posted in Early Learning, Education, State Economy, Tax and Budget, Work & Family

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