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Last week we highlighted an Olympian blog post that quotes Governor Gregoire on whether or not she's raised taxes. Among the statements made by the Governor:
"Did I raise your sales tax? No. Did I raise property taxes? No. In fact, I brought the Legislature in to cap the property tax with a special session last fall. Did I raise B&O tax? No. What’s the truth? The truth is we cut those taxes almost by $900 million since I came into office."
I asked the Office of Financial Management (OFM) for additional details on these tax cuts. OFM provided the following table in response (Dollars in Millions):
Tax Cuts | 2005-07B | 2007-09B | Total |
General Fund - State | (77.9) | (288.0) | (365.9) |
Unemployment Insurance Trust Fund | (31.8) | (141.5) | (173.3) |
Workers Compensation Trust Funds | (22.2) | (309.5) | (331.7) |
Other Funds | 0.0 | (9.7) | (9.7) |
Total Tax Cuts | (131.9) | (748.7) | (880.6) |
WPC's Small Business Director Carl Gipson takes a closer look at the Workers' Compensation numbers in his blog post today.
In light of the $400 million in tax INCREASES during the 2005 Session, I'm following up with OFM to learn if its table accounts for these increases and for additional details on the General Fund tax cuts reported. I'll update this post once I have the answer.