Of the projected $3.3 billion surplus, approximately $569 million would be deposited into the state’s Climate Commitment Account.
On Monday, the Washington State House Democrats voted to raid $4 billion from the law enforcement and firefighter pension plan to cover their deficit caused by out-of-control spending. Democrats in the Washington State House of Representatives have approved House Bill 2034, authorizing the transfer of approximately $2.5 billion, with projections of up to $4 billion over time, from the Law Enforcement Officers’ and Fire Fighters’ (LEOFF) Plan 1 retirement system. The legislation passed on a 55–39 vote, with every Republican voting against it.