Tax Collections Tumble Again in Latest Washington Budget Forecast

Tax collections tumble again in latest Washington budget forecast

Washington lawmakers and the governor Tuesday got the grim state revenue news they’ve been expecting.

Tax collections tumble again in latest Washington budget forecast • Washington State Standard

The Washington state Capitol on March 27, 2025. (Photo by Jacquelyn Jimenez Romero/Washington State Standard)Washington lawmakers and the governor Tuesday got the grim state revenue news they’ve been expecting. Estimates show tax collections for the two-year operating budget that begins July 1 will be hundreds of millions of dollars less than what they assumed when they passed the budget that Gov. Bob Ferguson signed last month. Revenues are lag…

Tax Collections Tumble Again in Latest Washington Budget Forecast

OLYMPIA, WA – Washington lawmakers and the governor Tuesday got the grim state revenue news they’ve been expecting. Estimates show tax collections for the two-year operating budget that begins July 1 will be hundreds of millions of dollars less than what they assumed when they passed the budget that Gov. Bob Ferguson signed last month. Revenues are lagging as consumers grow cautious and businesses retrench in response to the Trump Administration…