Bankrupt budgets, political paralysis, collapsing schools, shuttered parks: Tim Eyeman's latest assault on state government—Initiative 1033—makes the ballot and could remake Washington state in the image of California. Goldy breaks it down:
I-1033 is a “TABOR” initiative, one of many, similarly constructed spending-cap measures that have been peddled in the initiative states nationwide, and have been funded by a shadowy network of ultra-wealthy, right-wing extremists. Thus, unlike most of Eyman’s initiatives, don’t be surprised to see a fair amount of out of state money flooding into Washington to fund the “Yes” campaign.The Washington State Budget and Policy Center has a great analysis of I-1033 and its consequences, and I encourage you to watch their slideshow, but don’t think it an exaggeration to summarize the measure as the end of Washington state government as we know it.
I-1033 caps government spending at the previous year’s spending, plus population growth and inflation, and while that may appear to be a formula for fiscal stability, it is in fact entirely and intentionally the opposite.
Read the whole thing here.
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