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Revenue Cap Initiative Loses Badly In Wash. State

Stock quotes in this article: MSFT  

CURT WOODWARD

OLYMPIA, Wash. (AP) — The most sweeping plan yet from anti-tax activist Tim Eyman was soundly rejected Tuesday as Washington state voters appeared unwilling to put government on a forced diet of limited revenue.

Initiative 1033 — the latest in a long line of measures sponsored by Eyman since the 1990s — proposed a growth cap on revenue flowing into the main checking accounts of city, county and state government.

Eyman acknowledged defeat Tuesday night as unofficial returns showed I-1033 being defeated by about 55 percent to 45 percent, with 48 percent of the expected vote counted. ...

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