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).

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.

The Climate Commitment Act (CCA) sets a declining cap on greenhouse gas emissions and requires the state’s largest emitters to purchase allowances for their planet-warming pollution. The law requires the Legislature to invest revenue from this cap-andinvest program to reduce emissions and create jobs, including in clean buildings, transportation, and improving community resiliency in the face of climate change.

View operating budget requests that state agencies and higher education institutions have submitted to us for consideration in Gov. Inslee's 2025-27 biennial budget proposal:

Agency Budget Requests

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For help in using the online system, check out this guide: