The WA State budget takes center stage. Plus: a sales tax extension, the state retirement fund, and more news on family leave

September 30, 2008 | Alex Stone

Budget Footnotes: Governor Chris Gregoire and former state Senator Dino Rossi, continue to battle it out regarding the current state budget. And even though we’re dealing in facts—straight budget numbers—the candidates have two completely different versions of the budget story.

A Reprieve on State Sales Taxes: Washington taxpayers enjoyed a rare bit of good news on the economic front over the weekend, learning that they likely will be able to continue deducting state sales taxes on their federal income tax returns.

State Employees’ Retirement Benefits Intact: Washington’’s state employee retirement fund lost $130 million when Lehman Brothers declared bankruptcy last week. But thanks in part to changes after the tech bubble burst seven years ago, the 616,723 teachers, police officers, firefighters and state employees enrolled in the program won’t lose any guaranteed benefits.

Paid Family Leave Program Suspended: The struggling economy has all but wrecked the state’s plan to provide new parents with a stipend while away from work.

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Posted in Retirement Security, State Economy, Tax and Budget, Work & Family

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