OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by about $288 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.
“The national economic trends we’ve identified in recent forecasts are holding relatively steady, while the state economy is slightly stronger than expected in June” said Steve Lerch, forecast council executive director. “This quarter’s update reflects these modest changes.”
July 1, 4:30 a.m.: Gov. Inslee has signed the 2017–19 state operating budget. For positions funded by the operating budget, all notices for temporary layoff, reduction in work hours and emergency leave without pay are rescinded.
The Legislature, however, approved only a partial 2017–19 capital budget, which the governor has signed. Notices for temporary layoff, reduction in work hours and emergency leave without pay related to the capital budget remain in effect.
Initiative 960 requires that OFM determine the ten-year cost to taxpayers of any proposed legislation that would raise taxes, impose new fees, or increase current fees and communicate the most up-to-date analysis to each member of the Legislature, the news media, and the public through email.
