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State revenue projections for 2017–19 increase by $628 million

Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by nearly $628 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

“With collections running above the previous forecast and continued positive signs in the underlying economy, we revised the forecast upward,” said Steve Lerch, forecast council executive director.

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State revenue projections for 2017–19 increase by $628 million

Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by nearly $628 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

“With collections running above the previous forecast and continued positive signs in the underlying economy, we revised the forecast upward,” said Steve Lerch, forecast council executive director.

Today’s forecast is the largest quarterly increase for the state since before the Great Recession.

Inslee releases supplemental budget proposal including full funding of basic education by 2018 school year

Gov. Jay Inslee on Thursday released his 2018 supplemental budget, which adds nearly $1 billion to fully fund basic education in time for the 2018 school year and makes modest new investments for emerging and urgent needs such as tools to combat the opioid crisis, emergency preparedness, protection for endangered orcas and mental health.

State revenue forecast for 2017–19 budget inches upward

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by nearly $319 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council. The increased revenue estimate is a 0.7 percent increase over the previous forecast.

“The U.S. and Washington economies continue to perform largely as expected in our September forecast,” said Steve Lerch, forecast council executive director. “As a result, we have made relatively small adjustments in our forecast update.”

State revenue forecast for 2017-19 budget grows by $288 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by about $288 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

“The national economic trends we’ve identified in recent forecasts are holding relatively steady, while the state economy is slightly stronger than expected in June” said Steve Lerch, forecast council executive director. “This quarter’s update reflects these modest changes.”