As part of the budget Gov. Chris Gregoire released today, she's proposing $605 million in new revenues to close the $2.8 billion shortfall. The remainder of the shortfall will be met through $1 billion in cuts, and $700 million in fund transfers and rainy day fund money.

Here are Gov. Gregoire's tax proposals:

$148 million from the hazardous substance tax that Democrats are already proposing
$134 million from a bottled water tax
$96 million from a carbonated beverage tax
$88 million from a cigarette tax
$28 million from a candy and gum tax

That's $493 million. The remainder of the revenues come from things like eliminating some tax loopholes like the exemptions for gold bullion and credits for syrup (although she doesn't recommended canceling any of the $1 billion in  corporate breaks we noted at the beginning of the session.)



Gov. Gregoire's press statement said:

After presenting an all-cuts budget in December, Gregoire last month presented a list of programs and services she wants to restore through new revenue. This proposal, along with nearly $1 billion in cuts and expected federal revenue through Federal Medicaid Assistance Percentage will fund that list of programs—and leave an ending fund balance of $512 million.

“Until our economy is on a certain and upward path, we will need to be vigilant in managing the budget,” Gregoire said. “This ending fund balance will help cushion against the ups and downs our economy may take. Recovery will not happen overnight and it will continue to challenge us through the next biennium.”

The federal money ($435 million), which Gregoire has been assured she's getting in conversations with the Obama administration, is not necessary to balance the budget.

The full list of $768 million in programs that Gregoire is restoring—including the basic health plan, higher education student aid, and senior care—is on page four of the budget.

Here is the  list of the $1 billion in cuts.