Ferguson Signs Budget Boosting Washington State Spending and Taxes
- Governor Bob Ferguson signed Washington state's nearly $78 billion two-year budget into law on May 20, 2025, including major tax increases.
- The budget addresses a $7.5 billion to $16 billion shortfall and imposes nearly $10 billion in tax hikes over four years despite earlier veto speculation.
- Key tax measures include $5.7 billion in business tax increases, a 6-cent gas tax hike, capital gains taxes, repeal of certain breaks, and funding for state employee pay raises.
- An AWB survey shows 12% of businesses plan to relocate, citing taxes as the primary cause, while critics warn the budget worsens affordability and burdens families and employers.
- Though Ferguson underscores investments in core services, the budget signals ongoing tax increases in Washington with potential future adjustments amid business concerns.
13 Articles
13 Articles
Critics of newly signed $78 billion WA operating budget predict dire fallout
(The Center Square) – The day after Washington Gov. Bob Ferguson signed into law a two-year, $78 billion operating budget that amounts to the largest tax increase in state history, critics expressed disappointment and concern about how higher taxes will…

Ferguson signs budget boosting Washington state spending and taxes
Washington Gov. Bob Ferguson entered office warning that a multibillion-dollar budget shortfall would require spending cuts and, as a last resort, higher taxes. On Tuesday, the first-term Democrat appeared satisfied...
Ferguson signs budget boosting Washington's spending and taxes • Washington State Standard
Gov. Bob Ferguson's signature on the the 1,367 page document outlining the state's 2025 operating budget. (Photo by Jacquelyn Jimenez Romero/Washington State Standard)Washington Gov. Bob Ferguson entered office warning that a multibillion-dollar budget shortfall would require spending cuts and, as a last resort, higher taxes. On Tuesday, the first-term Democrat appeared satisfied with lawmakers’ work to close the financial gap, signing a two-yea…
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