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2007 Policy Agenda: establishing a blueprint for prosperity Overview Washington state is benefiting from a growing economy. Employment has returned to pre-recession levels and state revenues have been rising. Unless decisions are made now, however, that build instead of borrow from a prosperous future, Washington will return to a cycle of fiscal shortfalls and competitive disadvantage. Policymakers must acknowledge the realities of the global marketplace and our state’s sobering long-term fiscal projections – currently masked by a short-term surplus – and develop a focused blueprint for the future. The projected slowdown in state revenue growth, due to the softening real estate market and other factors, make this particularly critical. The Washington Roundtable calls on state leaders to practice fiscal restraint, limiting bow wave (the cost of maintaining services into the future) and reigning in unsustainable health care spending growth that is crowding out funding for other priorities critical to the long term prosperity of the state. We also urge policymakers to improve the quality of K-12 and post-secondary education and continue the progress made in recent years to upgrade transportation infrastructure. Adopt a biennial budget that is sustainable and directs resources to services most critical to ensuring a prosperous future.
Strengthen public education to position Washington state as the standard for world-class quality.
Provide Central Puget Sound with the tools required to address high-priority, high impact transportation projects.
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| 520 Pike St., Suite 1212 | Seattle, WA 98101-4001 Phone: (206) 623-0180 | Fax: (206) 623-6576 | contact@waroundtable.com |