A new paper by the Budget & Policy Center finds Initiative 1033 would impose strict spending limits on state and local governments resulting in sharp reductions in public investments in education, community development, health care, and economic security. By restricting resources, I-1033 would dramatically weaken the state's ability to fund important public priorities and would diminish the quality of life for all Washingtonians.I-1033 would:
- Sharply limit public investments over time
- Lock in the current budget cuts and increase the deficit
- Exacerbate the effects of economic downturns
- Be fiscally irresponsible
To read the entire paper, click here.
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