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The Tacoma Times
Tacoma, Pierce County, Washington
What is this article about?
Washington state's general fund deficit dropped to $1,278,636 last week amid approaching April 1 deadline to redeem warrants issued since Jan. 2, per Treasurer Phil H. Gallagher; tax receipts lagged expenditures across 54 funds.
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OLYMPIA—Deficit in the general fund was cut to $1,278,636 the past week as the state neared the April 1 deadline when it will begin paying off registered warrants it has been issuing on the fund since Jan. 2, State Treasurer Phil H. Gallagher reported today.
About $5,000,000 in unpaid general fund warrants are being held by banks and individuals around the state, waiting for the treasurer to call them in. Even though no checks were paid out of the general fund the past week, tax receipts in all 54 state funds were only $1,039,698, compared to $1,914,710 in expenditures. Cash balance in all funds was $15,319,730.
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Domestic News Details
Primary Location
Olympia
Event Date
The Past Week As The State Neared The April 1 Deadline
Key Persons
Outcome
deficit in the general fund was cut to $1,278,636; about $5,000,000 in unpaid general fund warrants held by banks and individuals; tax receipts in all 54 state funds $1,039,698 compared to $1,914,710 in expenditures; cash balance in all funds $15,319,730
Event Details
Deficit in the general fund was cut to $1,278,636 the past week as the state neared the April 1 deadline when it will begin paying off registered warrants it has been issuing on the fund since Jan. 2, State Treasurer Phil H. Gallagher reported today. About $5,000,000 in unpaid general fund warrants are being held by banks and individuals around the state, waiting for the treasurer to call them in. Even though no checks were paid out of the general fund the past week, tax receipts in all 54 state funds were only $1,039,698, compared to $1,914,710 in expenditures. Cash balance in all funds was $15,319,730.