Facing a growing fiscal threat posed by the COVID-19 (coronavirus) outbreak, Gov. Jay Inslee used his line-item veto authority today to trim $235 million from the 2020 supplemental operating budget the Legislature approved last month. The vetoes will reduce spending another $210 million in the state’s next two-year budget.
OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by a net $298 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.
“With collections once again running above the previous forecast, particularly given the increase in housing values, we revised the forecast upward,” said Steve Lerch, forecast council executive director.
Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by nearly $628 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.
“With collections running above the previous forecast and continued positive signs in the underlying economy, we revised the forecast upward,” said Steve Lerch, forecast council executive director.
Today’s forecast is the largest quarterly increase for the state since before the Great Recession.
OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2017–19 state budget have increased by about $288 million, according to estimates released today by the Washington State Economic and Revenue Forecast Council.
“The national economic trends we’ve identified in recent forecasts are holding relatively steady, while the state economy is slightly stronger than expected in June” said Steve Lerch, forecast council executive director. “This quarter’s update reflects these modest changes.”
