From The Seattle Times:
How tax cuts for business showed up — quietly — in state budget as homeowner taxes increased
With little notice, a major tax cut for manufacturing businesses in Washington state was inserted into the state budget deal in the waning hours of all-night negotiations last week.
Under the measure approved by the Legislature on Friday, business-and-occupation (B&O) tax rates for manufacturers will be reduced 40 percent over four years, starting in 2019.
By 2022, manufacturers will be taxed at the lower rate that lawmakers gave to Boeing and other aerospace companies in 2003 and later extended as part of a record-setting $8.7 billion tax-break package.
The move came even as lawmakers raised state property taxes as part of a plan to boost state public-school funding by $7.3 billion over the next four years.
The cry to raise school funding reminds me of this graph from CATO Institute - and yes, it is adjusted for inflation:
It comes from page two of this PDF report: State Education Trends - Academic Performance and Spending over the Past 40 Years
That education vs $$$ graph is ten years old. What has happened since? Anyone taking bets?