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

Work to identify potential savings and efficiencies continues

OLYMPIA — On Day 43 of his administration, Governor Bob Ferguson proposed a plan to save approximately $4 billion. Ferguson’s proposals:

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.