Office of Planning & Budgeting

State Legislature


November 20, 2020

November Revenue Forecast Shows Continued, but Cautious, Growth

The COVID-19 pandemic has drastically changed the economic outlook in Washington state. The June Revenue Forecast, released by the Economic and Revenue Forecast Council (ERFC), forecasted a precipitous economic decline as a result of the full shutdown in spring and early summer. Fortunately, the September Revenue Forecast and the November Revenue Forecast, released Wednesday, have shown a…


September 24, 2020

September Revenue Forecast Shows Promising Recovery

The COVID-19 pandemic has drastically changed the economic outlook in Washington state. Fortunately, September Revenue Forecast, released yesterday by the Economic and Revenue Forecast Council (ERFC), details modest growth. This stands in stark contrast to the June Revenue Forecast, which forecasted a precipitous economic decline as a result of the full shutdown throughout spring and…


May 6, 2020

Economic and Revenue Forecast Council Releases April Budget Outlook

On Thursday, April 30, the Economic and Revenue Forecast Council met to review and approve the April 2020 budget outlook. The budget outlook used the February revenue forecast and contained no major changes to revenues or appropriations for the 2019-21 biennium. During their meeting, the Council acknowledged that there will likely be changes to the…


February 28, 2020

House and Senate Proposed 2020 Supplemental Operating and Capital Budgets

Earlier this week, leadership in the House and Senate released their 2020 supplemental state budget proposals, which include technical corrections and other changes to the enacted 2019-21 biennial budgets. An OPB brief outlining these proposals is available on the OPB Briefs page. We will update the brief in the event that proposals are amended, and…


February 20, 2020

February Revenue Forecast Shows Continued Growth

The Economic and Revenue Forecast Council (ERFC) released their February revenue forecast on February 19. The projected Near General Fund-State (GF-S) revenue forecast increased by $606 million for the 2019-21 biennium and by $536 million for the 2021-23 biennium. The report projects higher than forecasted revenue compared to the November revenue forecast. Here is a quick summary…


December 20, 2019

Governor Inslee’s Proposed 2020 Supplemental Operating and Capital Budgets

On Wednesday, Governor Jay Inslee released his proposed 2019- 21 supplemental operating and capital budgets. The budgets include corrections and technical changes to the 2019-21 biennial budgets passed in April 2019. For a detailed analysis and summary of the Governor’s proposals, or to look back at OPB’s brief on the biennial budgets, please see OPB’s…


November 22, 2019

November Revenue Forecast Shows Increased Revenue, but Slowing Growth

The Economic and Revenue Forecast Council (ERFC) released their November revenue forecast on November 20. The final tabulation of Near General Fund-State (GF-S) revenue for the 2017-19 biennium was $46.081 billion, $5 million less than estimated in September. Projected revenue collections increased by $299 million for the 2019-21 biennium and by $181 million for the 2021-23…


September 26, 2019

September Revenue Forecast Indicates Slowing, but Continued Growth

The Economic and Revenue Forecast Council (ERFC) released their September revenue forecast. The projected Near General Fund-State (GF-S) revenue forecast for the 2017-19 biennium increased by $27 million. Projected revenue collections for the 2019-21 biennium increased by $447 million, decreased by $63 million for the 2021-23 biennium. The report projects similar growth to the June revenue forecast….


August 14, 2019

June Revenue Forecast Growth Driven by Legislative Activity

The Economic and Revenue Forecast Council (ERFC) released their June revenue forecast. The projected Near General Fund-State (GF-S) revenue forecast for the 2017-19 biennium decreased by $47 million. Projected revenue collections for the 2019-21 biennium increased by $432 million. This change was primarily driven by legislative activity in the 2019 session. The report projects similar growth…


May 6, 2019

Legislature Passes 2019-21 Biennial Operating and Capital Budgets

On Sunday, April 28, leadership in the legislature reached a compromise on the state’s 2019-21 biennial operating and capital budgets. The Governor is expected to approve these budgets, but has line-item veto power. As part of the compromise budget package, the legislature passed HB 2158, which creates a dedicated source of funding for higher education…



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