Stimulus money headed Washington’s way. Plus: unemployment, primary residence tax credit, health care and the state pension plan

February 9, 2009 | Alex Stone

Schools also have stimulus wish list: Stimulus proposals in Congress would provide a blast of cash to Washington state schools that are otherwise anticipating steep revenue declines.

Billions in stimulus funds sought for Washington’s needs: The $800 billion federal stimulus package being drafted in Congress is supposed to be pork-free. But that hasn’t stopped Washington state’s delegation from trying to steer billions of dollars toward this region.

Downdraft in upward mobility: The cost of higher education in the United States has done a great deal to tamp down upward mobility in America.

Laid-off workers could get at least $200 a week, starting in May: Laid-off workers in Washington state would get at least $200 a week in unemployment benefits under provisions of a bill that was just passed by the state House of Representatives.

$15,000 tax credit won’t help low-income home buyers, experts say: The Senate measure offers the credit to anyone buying a primary residence. But buyers must earn enough to have $7,500 in income taxes — $81,900 per year for a family of four — to get the full benefit.

Health plan that covers all would be right direction: It’s the perfect storm. Thousands of Washingtonians are losing their jobs and their health benefits. Officials in state government face a potential $6 billion, two-year budget deficit and are proposing to eliminate or drastically reduce state-subsidized health care for the poor.

State owes pension plans: The taxpayers owe them $5.9 billion. That’s how far behind the state is in funding the oldest retirement plans for public servants

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Posted in Early Learning, Education, Health Care, Retirement Security, Retirement Security Accounts, State Economy, Tax and Budget

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