Housing bills to watch as the Washington State legislative session enters its final weeks; WA’s latest budget outlook shows $845M decline in projected revenue through 2029

Housing bills to watch as the Washington legislative session enters its final weeks

Washington State Standard — Lot splitting. Republicans hope not to feel deja vu over this one. In 2023 and 2024, Rep. Andrew Barkis’ proposal requiring cities to allow landowners to split their lots to make room for more homes cleared the state House with little opposition. But each time it failed to get to the Senate floor. The House passed this year’s version, House Bill 1096, with ease. “It’s a bill that makes good sense, allows for more density, allows for lower cost, entry-level homes,” Braun said. The measure is set Friday for a key vote out of the Senate Housing Committee.

WA’s latest budget outlook shows $845M decline in projected revenue through 2029

The Center Square — According to a budget leader for Senate Republicans, the state needs to limit spending and avoid new taxes. “Even with today’s forecast, the state expects to have $4.5 billion more over the next two years, so the sky is not falling,” said Sen. Chris Gildon, R-Puyallup, in a news release. “Still, our chief economist repeatedly cautioned us to expect slow revenue growth. Legislative budget writers should take heed and show restraint going forward, especially with the uncertainty about actions at the federal level that could affect our situation.” He went on to say, “The smart approach is to avoid new and higher taxes, limit new spending to core priorities like K-12 and public safety, preserve social services, and protect the rainy-day fund. Our $ave Washington budget does all of that.”

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