Please join us for an exciting opportunity to see the latest work on the Budget System Modernization project! We will preview the prototype for the system that will replace the Budget Development System (BDS) in June 2018. There will also be an opportunity for Q&A with the project team and we will announce the winner of the new system naming contest!
When: Friday October 27, 2017, 9–11 a.m.
Where: 1500 Jefferson Street, 1st Floor, Presentation Room 1213
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.”
Initiative 960 requires that OFM determine the ten-year cost to taxpayers of any proposed legislation that would raise taxes, impose new fees, or increase current fees and communicate the most up-to-date analysis to each member of the Legislature, the news media, and the public through email.
Governor Inslee’s proposed capital budget appropriates over $4 billion (all funds) for state construction projects, grant and loan programs for local governments, and to build and improve K-12 schools and facilities for higher education. An average of 10,628 jobs per year will be created or sustained by the work funded in the capital budget.
