Gregoire signs new state budget into law - Spokane, North Idaho News & Weather KHQ.com

Gregoire signs new state budget into law

OLYMPIA, Wash. (AP) - Gov. Chris Gregoire has signed the Legislature's new operating budget, which bridges an estimated $2.8 billion deficit in the state's general fund.

The budget-balancing plan combines spending cuts with federal money, one-time accounting fixes and a roster of tax increases. It was approved by the Democrat-controlled state House and Senate last month, at the end of a month long special session.

Gregoire used her veto pen on some portions of the budget, including transfers from the state insurance commissioner and biotechnology research account. The budget leaves about $450 million in reserves to guard against increased costs or lower tax collections.

 

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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