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OLYMPIA – The Washington State Economic and Revenue Forecast Council’s most recent forecast for Near General Fund revenue collections in the 2023-25 biennium increased by $663 million to around $66.7 billion — a 1% increase from the June 2023 projection. The forecasts for Near General Fund revenue collections are critical as they signify the state’s fiscal health, impacting the allocation and deployment of resources across various state...

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State revenue projection for 2023–25 increased by $663 million; 2025-2027 increased by $437 million

OLYMPIA – The Washington State Economic and Revenue Forecast Council’s most recent forecast for Near General Fund revenue collections in the 2023-25 biennium increased by $663 million to around $66.7 billion — a 1% increase from the June 2023 projection. The forecasts for Near General Fund revenue collections are critical as they signify the state’s fiscal health, impacting the allocation and deployment of resources across various state services and initiatives.

Washington tops 7.9 million residents in 2023

 

OLYMPIA, Wash. – Washington’s total population grew by an estimated 86,750 — to 7,951,150 as of April 1, 2023, according to annual estimates that the Office of Financial Management prepared.

The unadjusted population growth rate over the last year was 1.1%, somewhat slower than the previous year, when the state’s population grew by 1.3%.

Washington’s population has grown by 244,840 people since the 2020 decennial census on April 1, 2020. The 86,750 increase is below the average annual increase from the last decade (98,200).  

State revenue projection for 2023–25 forecast increased by $327 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2023–25 state budget have increased by nearly $327 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

Public Service Recognition Week May 7-13: In-person multi-agency events return to Olympia, Spokane and Tri-Cities

PSRW logo: Public Service Recognition Week, May 7-13 2023

The first week of May is for recognizing the great work and service that public employees provide for Washingtonians. This year, in-person cross-agency events are back — join us in celebrating state employees at the Capitol Campus, in Spokane, in the Tri-Cities and at T-Mobile Park.

State revenue projection for 2023–25 forecast decreased by $483 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2023–25 state budget have decreased by about $483 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council. The projection represents about a 0.7% drop from the number forecast last November. Total Near General Fund revenues are now projected at $65.7 billion for the next two-year state budget cycle, which begins July 1.

Housing, homelessness and behavioral health top Inslee’s budget priorities for 2023-25

Gov. Jay Inslee released his 2023–25 budget proposals today, urging legislators to continue prioritizing investments in housing, homelessness, and behavioral health with urgency and audacity. His budgets also outline updated plans for climate, salmon recovery, education, public safety, state workforce, and more.

At the heart of Inslee’s housing proposal is a referendum that will allow legislators to front-load $4 billion of housing construction over the next six years.

State revenue projection for 2021–23 increased by $762 million; 2023–25 forecast increased by $681 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the remainder of the 2021–23 state budget have increased by nearly $762 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

“Revenue collections exceeded expectations since the last forecast, suggesting that the anticipated slowdown has not occurred yet,” said Steve Lerch, executive director of the Economic and Revenue Forecast Council. “Uncertainties remain, but current data indicate an upward revision to the revenue forecast.” 

State revenue projection for 2021–23 increased by $43 million, 2023–25 decreased by $495 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2021–23 state budget have increased by about $43 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council. The increased revenue estimate is about a 0.07% increase over the previous forecast. Total Near General Fund revenues are now projected at nearly $63.2 billion for the current two-year state budget cycle, which began July 1, 2021.

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