Office of Financial Management

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.

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.

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.” 

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.

Washington’s population grew by 158,100 people since the 2020 decennial census April 1, 2020, largely due to migration. This means Washington grew to an estimated 7,864,400 people as of April 1, according to annual estimates that the Office of Financial Management prepared.

The state’s total population change was 97,400 since last year, which fell just below the last decade average of 98,200 per year. King County is the main contributor of that growth, adding 30,700 people this year, compared to an average of 33,800 people per year between 2010 and 2020.

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2021–23 state budget have increased by a net of nearly $1.46 billion, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

“Continued strong revenue collections and high inflation have again resulted in increases in the revenue forecast,” said Steve Lerch, executive director of the Economic and Revenue Forecast Council.

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2021–23 state budget have increased by about $1.45 billion, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

"Continued strong revenue collections and real estate transactions combined with higher inflation have resulted in an increase in the revenue forecast,” said Steve Lerch, executive director of the Economic and Revenue Forecast Council.

Do you know a state employee or manager who consistently excels beyond expectations? In the spirit of recognizing such service, OFM is asking you to nominate state government and higher education employees and teams for one of the awards below. Nominations close Monday, Feb. 28, and awards will be announced on May 4 as part of Public Service Recognition Week.

Gov. Jay Inslee’s 2022 supplemental budget proposes significant funding to reduce poverty, increase housing and resources for homeless individuals, expand K-12 learning supports, invest in clean transportation and green economy, decarbonize buildings, and protect salmon habitat.