Office of Financial Management

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2019–21 state budget have increased by nearly $447 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

“The economic forecast is relatively similar to what we expected in June, but higher than expected collections, including estate tax collections, have resulted in an increase in the revenue forecast for the 2019–21 biennium,” said Steve Lerch, forecast council executive director.

As of April 1, 2019, an estimated 7,546,400 people reside in the State of Washington, according to annual estimates prepared by the Office of Financial Management.

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2019–21 state budget have increased by nearly $432 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council. The increase is due in large part to measures passed during the 2019 legislative session that adjourned in April.

“Revenues and economic activity are tracking very closely to the previous forecast,” said Steve Lerch, forecast council executive director. “And this update reflects these modest changes.”

This message from Governor Jay Inslee was sent out to all state employees on April 9, 2019:

Dear Fellow State Employee,

Revenue forecast for 2017–19 budget increased by $307 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2019–21 state budget have increased by nearly $554 million, according to estimates released March 20 by the Washington State Economic and Revenue Forecast Council.

“Despite fairly small changes to the economic forecast, stronger-than-expected taxable activity has resulted in moderate increases to forecasted revenue,” said Steve Lerch, forecast council executive director.

A new and improved version of an online dashboard that makes it even easier to monitor postsecondary outcomes for Washington high school graduates is now available.

The High School Graduate Outcomes dashboard, created by the Education Research and Data Center in the state Office of Financial Management, has displayed first-year college enrollment, persistence, completion and earnings of high school graduates by school district and individual school.

Gov. Jay Inslee released his 2019–21 biennial budget today that makes significant investments in clean energy, behavioral health, orca recovery, education, statewide broadband and other crucial budget investments.

“Washington is the only state that consistently ranks as a top state for business and ranks as the top state for workers. But we know that prosperity is not shared equally and we must make investments to grow our economy, protect the most vulnerable and ensure that everyone has access to opportunity,” Inslee said.

Revenue forecast for 2019–21 budget increased by $196 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by about $163 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

“Revenue collections are essentially the same as forecast and the economy is behaving as anticipated, so the latest revisions are relatively small,” said Steve Lerch, forecast council executive director.

In accordance with RCW 43.88.583, OFM has posted tentative collective bargaining agreements for the 2019–21 biennium:

• 2019–21 tentative agreements

The tentative agreements posted are not yet funded and therefore not in effect. If the Legislature funds the agreements in the 2019–21 biennial budgets, they will go into effect on July 1, 2019.

Revenue forecast for 2019–21 budget increased by $443 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by nearly $348 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

“With positive adjustments to both state personal income and employment, we have revised the latest forecast upward slightly,” said Steve Lerch, forecast council executive director.