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February 20, 2020

Revenue forecast brings good news for state lawmakers

Associated Press

OLYMPIA — Washington lawmakers received good news Wednesday with the state's latest revenue forecast showing they have significantly more money to work with as they prepare to unveil their supplemental state budget proposals.

The numbers released at a meeting of the Economic and Revenue Forecast Council showed state revenues look to increase by about $606 million more than expected through the middle of the current two-year budget cycle that ends mid-2021, with total revenues topping out at about $52.3 billion. The state is projected to have about $4.1 billion in total reserves in that time frame.

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