Office of Financial Management

Washington’s projected Near General Fund revenue collections through 2029 decreased by $845 million overall from the November 2024 forecast, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

The forecast is comprised of revenue estimates for the current biennium (2023–25) which ends June 30, 2025, the next biennium (2025–27), and the subsequent biennium (2027–29).

Work to identify potential savings and efficiencies continues

OLYMPIA — On Day 43 of his administration, Governor Bob Ferguson proposed a plan to save approximately $4 billion. Ferguson’s proposals:

If you know a state employee who consistently excels beyond expectations, you have until February 14 to nominate them for either the Extra Mile Award or the Leadership Award.

They could be a coworker, your employee, your supervisor, or a whole team (section, division or department) - anyone who you think has made a meaningful impact and deserves recognition for their dedication to public service.

Today, Gov. Jay Inslee released a balanced budget proposal that protects progress on the programs and services that working families and businesses depend on — public safety, education, early learning, housing and behavioral health.

See how 37 state agencies spent nearly $500 million across the state on transit, wildfire preparedness, clean energy and more  

OLYMPIA – Washington’s projected Near General Fund revenue collections through 2029 decreased by $400 million overall from the September 2024 forecast, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

The forecast is comprised of revenue estimates for the current biennium (2023–25, which ends June 30, 2025), the next biennium (2025–27), and the subsequent biennium (2027–29).

Our monthly economic report for October 2024 shows:

Washington’s projected Near General Fund revenue collections through 2029 decreased by $39 million overall from the June 2024 forecast, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

The forecast is comprised of revenue estimates for the current biennium (2023–25), which ends June 30, 2025, the next biennium (2025–27) and the subsequent biennium (2027–29).

Projected collections for the 2023–25 state budget decreased by $49 million to just below $66.5 billion — about a 0.1% decrease from the June 2024 forecast.

OFM has just launched a series of dashboards designed to track and display the progress of specific state agencies in implementing the HEAL (Healthy Environment for All) Act, Washington's landmark environmental justice law: 

In 2023, OFM undertook a significant update to our mission, vision, and values to better reflect our evolving role and commitment to serving Washingtonians. As part of this ongoing transformation, we recognized the need for a logo that better aligned with our refreshed purpose and values.