Washington Income Tax Initiative What Happens to the Revenue

A discussion of Washington’s income tax initiative focuses on what the measure actually does with tax revenue. The speaker says the measure does not specifically dedicate revenue to K-12 education, higher education or healthcare, while 5% of the revenue would go to the Fair Start for Kids account beginning in 2029. The remaining revenue would go to the state’s general fund. The speaker also argues that the state is already facing a budget deficit and says the income tax revenue would be used to backfill that deficit.