Following today’s press conference held by Governor Bob Ferguson on Washington’s operating budget, State Treasurer Mike Pellicciotti released the following:
“Over the course of this challenging legislative session, I have been consistent in advocating for sufficient reserves to insulate Washington from economic turbulence, natural disasters, and a chaotic federal government.
“I am encouraged by the budget proposal introduced by House Democrats which protected Washington’s Budget Stabilization Account. In today’s remarks, Governor Ferguson conditioned his support for any budget on the security of the Budget Stabilization Account.
“Maintaining these reserves is absolutely essential to maintain Washington’s sovereignty as we face increasingly unstable conditions. There are many difficult choices to be made this session, but the priority must be to ensure our state can navigate crises ahead.
“I am thankful to my colleagues in the Legislative and Executive branches for their commitment to securing Washington’s financial stability.”