Other pages about the topic: Budget

Inslee releases future-focused budget proposal, highlights the growing costs of income inequality

Today, Gov. Jay Inslee released a balanced budget proposal that protects progress on the programs and services that working families and businesses depend on — public safety, education, early learning, housing and behavioral health.

New report and dashboard show Climate Commitment Act investments

See how 37 state agencies spent nearly $500 million across the state on transit, wildfire preparedness, clean energy and more  

Projected state revenue through 2029 down by $400M

OLYMPIA – Washington’s projected Near General Fund revenue collections through 2029 decreased by $400 million overall from the September 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).

Budget reductions FAQ

(Updated December 3, 2024)

On November 8, OFM Director Pat Sullivan sent a letter to state agency directors and others, outlining that revenue forecasts, rising costs, and expanding needs require reductions for the governor to propose a balanced budget. This page includes answers to questions about those budget reductions.

Projected state revenue through 2029 down by $39 million

Washington’s projected Near General Fund revenue collections through 2029 decreased by $39 million overall from the June 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).

Projected collections for the 2023–25 state budget decreased by $49 million to just below $66.5 billion — about a 0.1% decrease from the June 2024 forecast.

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