Thursday, March 22, 2012

Is proposed $238 million accounting change a budget deal breakthrough?

As we enter day 11 of the budget balancing special session a new proposal to end the logjam has emerged. According to the Tacoma News Tribune: "An accounting maneuver being considered at the state Capitol might allow Democrats and Republicans to cast aside the biggest point of contention in their ongoing budget negotiations . . .The proposal would keep the money in the general fund until the end of the month, transferring it into the other account just before it needs to be sent out to local governments. That would provide about $238 million more cash on the state’s balance sheet at the end of the month" . . . READ MORE


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