‘Disappointing’: Washington Revenue Forecast Shows $720 Million Shortfall

More budget woes for WA. Revenue forecast down $720M through 2029

Gov. Bob Ferguson and lawmakers may face tough budget decisions as soon as fall as state’s revenue projections fall short by $720M amid economic and federal changes.

Washington state budget in trouble as lower tax revenue predicted

Washington’s already strained budget took another hit in the most recent state revenue forecast, released Tuesday.Over the next four years, the state’s tax collections are expected to be $721 million less than forecast in March. That loss means more cuts are likely for Washington’s state agencies.Lawmakers are starting the next two-year budget cycle, which begins next week, with about $400 million more than they expected in March. But by June 20…

‘Disappointing’: Washington revenue forecast shows $720 million shortfall

Washington is projected to face a $720 million budget shortfall over the next four years, according to the latest quarterly revenue forecast released Tuesday.

Washington revenue forecast shows $720 million shortfall

Washington is projected to face a $720 million budget shortfall over the next four years, according to the latest quarterly revenue forecast released Tuesday. Chief Economist Dave Reich cited several global and national risks contributing to the economic uncertainty, including tariffs and ongoing conflict in the Middle East. Reich said both the national and state economies are slowing down. “The changes in the Washington State revenue forecast r…

Governor Bob Ferguson responds to state revenue forecast

OLYMPIA, Wash. – Governor Bob Ferguson addressed the latest revenue forecast from the Washington State Economic and Revenue Forecast Council, which projects a $720 million shortfall over the next four years. Ferguson emphasized in a press release the impact of federal actions. “While this revenue forecast is disappointing, it is not surprising. We knew that

Gov. Ferguson does not expect special session after budget forecast shows revenue decline

Gov. Bob Ferguson does not anticipate calling lawmakers back to Olympia for a special session to address the state’s budget after an updated revenue forecast showed the state will bring in less money than lawmakers anticipated. However, he said Tuesday his office is “closely monitoring developments from the federal government that could force me to revisit that question.”