The May economic snapshot is now available:

This is a report produced by the Office of Financial Management’s Forecasting and Research Division. 

Here are some key highlights from this month's report:

In an effort to provide more timely communication, Statewide Accounting is excited to announce a new format for our newsletter, News from Statewide Accounting.

Statewide Accounting has been providing information to agencies via The Connection Newsletter for many, many years. Times have changed, and it’s time for our beloved newsletter to change as well.

As May marks Women’s Health Month, maternal health care in Washington is at a pivotal moment. A recent report published by the Washington State Office of Financial Management reveals a new overall decline in the state’s birth rate, a rise in the costs of giving birth, and continued disparities in costs and access to maternal care depending on race and socioeconomic background. The findings serve as a call to action to address disparities and improve care for every mother and child in the state.

Washington’s projected Near General Fund revenue collections through 2029 decreased by $845 million overall from the November 2024 forecast, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

The forecast is comprised of revenue estimates for the current biennium (2023–25) which ends June 30, 2025, the next biennium (2025–27), and the subsequent biennium (2027–29).

Biennium

The January 2025 Washington Monthly Economic Report is now available.

Here are some key highlights from this month's report:

If you know a state employee who consistently excels beyond expectations, you have until February 14 to nominate them for either the Extra Mile Award or the Leadership Award.

They could be a coworker, your employee, your supervisor, or a whole team (section, division or department) - anyone who you think has made a meaningful impact and deserves recognition for their dedication to public service.