2006 PRESS RELEASES

February 15, 2006

EFF Balance Sheet for Senate Supplemental Budget

OLYMPIA—Today Senate Democrats released their 2006 supplemental budget proposal. The balance sheet provided does not paint the full picture. To provide the full context on what this supplemental means, we have created an alternative balance sheet.

1. Including the $700 million in appropriations to other accounts, spending would increase by more than 17 percent since the 2003-05 biennium.

2005-07 Senate Supplemental

Original 2005-07 Budget
$25,952,400,000
New Spending
$610,500,000
Appropriations to Other Accounts*
$700,000,000
Total
$27,262,900,000
*$600 million of the $700 million in appropriations to other accounts are made in SB 6896 (separate from the main supplemental bill)

2. Actual spending (not including appropriations to other accounts) would exceed forecasted revenue by nearly $120 million.

Revenue Forecast versus Senate Supplemental

2005-07 Revenue Forecast
$26,443,000,000
Senate Supplemental*
$26,562,900,000
Difference
<$119,900,000>
*Excludes $700 million in appropriations to other accounts

3. The Senate is attempting to continue the legislature's ongoing efforts to artificially increase the spending limit.

2005-07 I-601 Spending Limit

Original
$25,107,200,000
Revised*
$26,132,800,000
Senate Assumed
$27,453,500,000
Difference
$2,346,300,000
*Adopted on 11/21/05 based on actions of 2005 Legislative Session

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