House and Senate Democrats release final $59B budget plan

OLYMPIA, Wash. (AP) — House and Senate Democrats have released a final two-year $59 billion state budget plan, just one day before the Legislature is set to conclude its session. The compromise budget is very similar to initial proposals released last month by both chambers. The budget still includes a new capital gains tax on profits from the sales of stocks and bonds and other assets that awaits a final vote in both chambers. The budget also uses a mix of state and federal money to increase spending in areas hit hardest by the pandemic, such as child care grants and rental assistance.