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November 22, 2021

Another positive state revenue forecast

OLYMPIA (AP) — As Washington lawmakers prepare for a new legislative session to craft and pass a supplemental budget, they'll have more money to work with thanks to a steady increase of state revenues over the past year.

Updated numbers by the Economic and Revenue Forecast Council released Friday show that projected revenue collections for the 2021-2023 budget cycle are $898 million above what had been originally forecasted in September. And projections for the next two-year budget cycle that ends in mid-2025 increased by more than $965 million.

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