Washington Business Winter 2012 | Page 34

washington business Lawmakers ignored pre-recession warnings that state spending was outpacing revenue and would eventually lead to a crash. Now, as they struggle to restore budget stability, AWB joins with others in calling for a new approach to spending. As legislators returned to Olympia to deal with yet another multi-billion dollar state budget shortfall, at least a few of them must have wondered if it will ever end. When will they stop dealing with one budget crisis after another? When will the cuts be enough to stop the flow of red ink? When will things return to normal? The answer, unless they make some fundamental changes about how they approach the budget, is not anytime soon. As it is now, everything could fall into place to balance the budget — Democrats and Republicans could agree on millions of dollars worth of budget cuts, and voters could approve Gov. Chris Gregoire’s proposed half-cent sales tax hike — and they would still find themselves facing budget shortfalls for years to come. “The long-term projection in the state budget basically has to be dealt with, or else we will be in deficits every single year for the next five years,” Sen. Jim Kastama, D-Puyallup, said last year in a video posted to his website. That’s because the collapse of the economy a few years ago, although certainly a contributor to the state’s persistent budget problems, was not the only cause of them. The other culprit was years of spending that outpaced revenue. Even a surge in the economy wouldn’t necessarily bring an end to the pain. Between 2003, when the state had recovered from the 2001 recession, and 2008, when the national economy collapsed, Wa s h i n g t o n ’ s spending rose an astonishing 33.6 percent, far outpacing combined inflation and population growth. It was recipe for trouble, even if the country had not fallen into the worst recession in generations. Combined with the economic downturn, it was a disaster. “What we’re really dealing with today is that extra 30-plus percent growth,” said Gary Chandler, AWB’s vice president of government affairs. spending more than you have There were plenty of warning signs. Long before the economy crashed, political observers cautioned lawmakers in Olympia to reign in state spending. The unprecedented rise in state tax revenue, fueled largely by a real estate bubble and the accompanying constructionrelated revenue, would not go on forever, they said. “Washington’s cyclical economy regularly produces times of great revenue growth, followed inevitably by the downturn,” AWB President Don Brunell wrote in a Jan. 25, 2007 letter that urged the House Appropriations Committee to control spending. A few months later, Brunell co-authored a similar letter to the state Senate: “We say now, as we did when the governor released her budget, the state cannot continue to spend more than it takes in,” it stated. “Increasing spending 15 percent while revenues grow 7.5 percent is not responsible.” A little more than a year later, The News Tribune was sounding the alarm. “Watching the action in Olympia this year, I have the sense that lawmakers aren’t just writing checks state government can’t cash, they are post-dating them too,” “The state cannot continue to spend more than it takes in. Increasing spending 15 percent while revenues grow 7.5 percent is not responsible.” — From a January 2007 letter to lawmakers, co-authored by AWB P