Revenue forecast brings good news for Washington lawmakers
OLYMPIA, Wash. (AP) — Washington lawmakers received good news 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. House Democrats have said their supplemental budget proposal will be released early next week, and Democrats in the Senate will follow with their own proposal.
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