State revenue projection for 2019–21 increased by $299 million
Washington’s projected Near General Fund revenue collections for the 2019–21 state budget have increased by nearly $299 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.
“The Washington economic and revenue outlook remains positive without significant changes since our previous forecast,” said Steve Lerch, forecast council executive director. “This update reflects these modest changes.”
Total Near General Fund revenues are now projected at more than $51.7 billion for the current two-year state budget cycle, which began July 1.
In December, Gov. Jay Inslee will propose his 2020 supplemental budget that makes adjustments to the 2019–21 budget.