AGP Executive Report
Last update: 2 hours agoElection 2026: Ballots are arriving for Washington’s November races as campaigns intensify over the state’s new millionaire income tax. A repeal initiative would eliminate the 9.9% tax on annual income above $1 million; supporters and opponents have raised about $13.1 million. State Finances: Unemployment fell to 4.8% for a third straight month, even as Washington reported 15,400 job losses. The treasurer is urging budget discipline to protect the state’s bond rating, while a projected shortfall has prompted proposed disability-service cuts. Education: Superintendent Chris Reykdal is urging Gov. Bob Ferguson to reject a federal scholarship tax-credit program, arguing it would bypass state oversight; Ferguson has until Jan. 1 to decide. Housing and Community: A state task force has outlined a path toward a proposed Department of Housing. In Seattle, construction has begun on a Mount Baker project planned to include 400 affordable homes and an early-learning campus.
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