Our lawmakers will get another chance after the state’s September 23 revenue forecast. If the forecast continues to show a major revenue increase for the budget outlook (like occurred in June), tax relief must finally be prioritized by the majority party.
Washington lawmakers get good news on state revenues
RACHEL LA CORTE, Associated Press
March 17, 2021
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The capitol building in Olympia, Washington. @ Didier Marti/Getty Images
OLYMPIA, Wash. (AP) Washington s economy continues to improve, with the latest state revenue forecast showing that lawmakers will have more than $3 billion more to work with as they prepare to unveil budget plans next week, plus money the state will receive from the latest federal stimulus package.
Updated numbers by the the Economic and Revenue Forecast Council released Wednesday show that projected revenue collections through mid-2023 are more than $1.9 billion above what had been originally forecasted. And projections for the current budget cycle that ends this summer are now $1.3 billion higher than expected.