10 Year Analysis Complete for House Bill 1356
Office of the Governor / Office of Financial Management sent this bulletin at 02/11/2025 09:25 PM PST
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UPDATE: The 10 year analysis for HB 1356, titled AN ACT Relating to K-12 funding, has been completed. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected
fee payers.
Ten-year projection:
|
Fiscal |
Property Tax |
|
|
|
||
|
2026 |
$48,700,000 |
|
|
2027 |
$146,200,000 |
|
|
2028 |
$249,900,000 |
|
|
2029 |
$352,500,000 |
|
|
2030 |
$463,700,000 |
|
|
2031 |
$586,600,000 |
|
|
2032 |
$715,500,000 |
|
|
2033 |
$851,500,000 |
|
|
2034 |
$991,500,000 |
|
|
2035 |
$1,135,500,000 |
|
|
|
||
|
Total: |
$5,541,600,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Representative Steve Bergquist, Prime Sponsor
Democrat
(360) 786-7862
steve.bergquist@leg.wa.gov
Representative April Berg
Democrat
(360) 786-7892
April.Berg@leg.wa.gov
Representative Alex Ramel
Democrat
(360) 786-7970
alex.ramel@leg.wa.gov
Representative Timm Ormsby
Democrat
(360) 786-7946
timm.ormsby@leg.wa.gov
Representative Mia Gregerson
Democrat
(360) 786-7868
mia.gregerson@leg.wa.gov
Representative Nicole Macri
Democrat
(360) 786-7826
nicole.macri@leg.wa.gov
Representative Edwin Obras
Democrat
(360) 786-7834
Edwin.Obras@leg.wa.gov
Representative Cindy Ryu
Democrat
(360) 786-7880
cindy.ryu@leg.wa.gov
Representative Liz Berry
Democrat
(360) 786-7860
Liz.Berry@leg.wa.gov
Representative Shaun Scott
Democrat
(360) 786-7920
Shaun.Scott@leg.wa.gov
Representative Lillian Ortiz-Self
Democrat
(360) 786-7972
lillian.ortiz-self@leg.wa.gov
Senator Emily Alvarado
Democrat
(360) 786-7667
Emily.Alvarado@leg.wa.gov
Representative Greg Nance
Democrat
(360) 786-7842
Greg.Nance@leg.wa.gov
Representative Gerry Pollet
Democrat
(360) 786-7886
gerry.pollet@leg.wa.gov
Representative Osman Salahuddin
Democrat
(360) 786-7936
Osman.Salahuddin@leg.wa.gov
Representative Natasha Hill
Democrat
(360) 786-7888
Natasha.Hill@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp