Wash. Dems agree: Delay payments to fix budget
Monday, February 27, 2012
OLYMPIA, Wash. (AP) -- Democratic leaders in the Legislature are pushing hundreds of million dollars in delayed payments as a solution to the state's current budget shortfall.
Senate budget writers unveiled their spending plan Tuesday, relying on a $330 million gimmick to help fix a $1 billion problem. The Senate proposes to make the delayed payment permanent, meaning schools will get their payment in early July instead of the end of June.
The Senate plan is similar to a House proposal unveiled last week, which had about $400 million in delayed payments. Democratic Sen. Ed Murray says the budget does not make further cuts in K-12 or higher education. The Senate plan keeps $370 million in reserves, lower than the House plan that left a half-billion dollars remaining.