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NORTHRIM NEWS

Governor Walker Exercises Veto Power for FY17 Budget

The new fiscal year starts on Friday and Governor Walker used his veto powers today to begin to fill the $4 billion hole in the State’s budget. The Governor announced a total of $1.3 billion in vetoes and savings. The single largest amount was the $665 million in the reduction of the Permanent Fund Dividend. In a news conference, Walker said, “high dividends are not sustainable, and reduction in the payout is needed to keep the fund alive”. Without changes to the program, the dividend will go away in a few short years.





 

 

Investment and insurance products are:
Not insured by the FDIC or any other federal government agency.
Not a deposit of or guaranteed by Northrim Bank.
May lose value.


Deposit and loan products offered by Northrim Bank, Member FDIC.

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