Other pages about the topic: Budget

Projected state revenue through 2029 down by $39 million

Washington’s projected Near General Fund revenue collections through 2029 decreased by $39 million overall from the June 2024 forecast, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

The forecast is comprised of revenue estimates for the current biennium (2023–25), which ends June 30, 2025, the next biennium (2025–27) and the subsequent biennium (2027–29).

Projected collections for the 2023–25 state budget decreased by $49 million to just below $66.5 billion — about a 0.1% decrease from the June 2024 forecast.

42% of CCA investments directed to overburdened communities, according to updated OFM estimates

The Climate Commitment Act (CCA) sets a declining cap on greenhouse gas emissions and requires the state’s largest emitters to purchase allowances for their planet-warming pollution. The law requires the Legislature to invest revenue from this cap-andinvest program to reduce emissions and create jobs, including in clean buildings, transportation, and improving community resiliency in the face of climate change.

Agency budget requests for 2025-27 budget now available online

View operating budget requests that state agencies and higher education institutions have submitted to us for consideration in Gov. Inslee's 2025-27 biennial budget proposal:

Agency Budget Requests

The website is best viewed in either Microsoft Edge or Google Chrome browser.

For help in using the online system, check out this guide:

State revenue projection for 2023–25 increased by $122 million; 2025–27 up by $215 million

OLYMPIA – Washington’s projected Near General Fund revenue collections for the 2023–25 state budget increased by $122 million to around $67 billion — about a 0.2% increase from the November 2023 projection, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

Investing in Washington’s people and communities: Inslee budget prioritizes urgent needs in homelessness, fentanyl and behavioral health

Governor Jay Inslee released his 2024 supplemental budget proposals, which serve as a mid-way update to the state’s two-year 2023–25 budgets. His release precedes the start of the 60-day legislative session on January 8.

Heading into the new year, Washington’s overall economic health remains strong. Pandemic response funding is winding down, but new state revenues have kept pace with higher costs from inflation and entitlement caseload increases.

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