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Feb 15, 2012 18:25
Category: General News

Wash. Legislature edges closer to budget solution

     OLYMPIA, Wash. (AP) - Republicans and Democrats are merging
closer on tax policy as they begin to formulate solutions on the
state's budget shortfall.
     House Republican Leader Richard Debolt said for the first time
Wednesday that they are willing to support a repeal of a tax break
for banks. Senate Majority Leader Lisa Brown, meanwhile, said she
wants to focus on working with the GOP on removing such tax
exemptions instead of a ballot measure to increase the state sales
tax.
     Lawmakers are also getting a $340 million boost from a new
forecast that shows people relying less on state services. They
also believe they could get a slight benefit in a new revenue
forecast Thursday because the economy has shown signs of stability.
     The Legislature would still need to cut several hundred million
dollars this session to balance the budget.