UW Budget
April 3, 2015
2015-17 House budget adopted after amendments
On Thursday, the House passed its operating budget proposal (Engrossed Substitute HB 1106) off the floor, with several amendments. The original tuition and compensation proposals from the House Chair budget remain unaltered, however there some key changes compared to the original bill: Funding for computer science and engineering is reduced by $3.75 million, bringing the…
April 1, 2015
2015-17 Senate Chair Operating Budget
On Tuesday, Leadership in the Senate Ways & Means Committee released its operating budget proposal, Proposed Substitute Senate Bill 5077 which makes significant changes to the Governor’s proposal and differs significantly from the House proposal. Under the Senate proposal, the UW would receive $674.39 million of Near General Fund State across the biennium. Here are some…
March 30, 2015
2015-17 House Chair Operating and Capital Budgets
Leadership in the House Appropriations Committee released their 2015-17 operating budget proposal on Friday – Proposed Substitute House Bill 1106 . The proposal provides $3.48 billion of Near General Fund State for higher education which is a slight increase over the total higher education appropriations in the Governor’s budget. On the operating side, the UW would receive $595.6…
February 20, 2015
February 2015 State Revenue Forecast Update
General Fund-State (GF-S) revenue forecast has been increased by $107 million for the 2013-2015 biennium and by $129 million for 2015-2017. GF-S revenue for the 2013-2015 biennium is now $33.547 billion (9.4% higher than collections in the 2011-13 biennium) and The forecasted GF-S revenue for the 2015-2017 biennium is now $36.449 billion (8.7% higher than…
December 19, 2014
Governor Inslee’s 2015-17 Operating and Capital Budgets
The Governor released operating and capital budgets yesterday morning. Though the UW fared well in the capital budget, we believe the operating budget, as currently proposed, presents challenges. Please note that the Governor’s budgets will be taken up by the Legislature in January; we are many months away from a final legislative compromise. As usual,…
March 4, 2014
Updated House and Senate Supplemental Budget Brief
We have updated the OPB brief we posted on February 27th, to reflect additional information regarding the employee health insurance related agency reductions. Both the House and Senate budget would decrease agency contributions for employee health benefits. The House budget cuts state funding by $7.6 million and the Senate budget cuts state funding by $4.4 million. However, both…
February 27, 2014
House and Senate Release Supplemental Operating and Capital Budgets
Leadership in both the House and Senate fiscal committees released supplemental operating and capital budgets this week, proposing technical corrections and appropriation changes to the current 2013-15 biennial budgets (primarily applicable to FY15). Please see the full OPB brief for information on each proposal. As a reminder, both budgets will be amended in respective committees,…
November 20, 2013
Slight Decline in State Revenue Forecast
Today’s release of the November general fund state revenue forecast indicates that current biennial revenue is slightly down from September’s projection. The decline is largely due to a technical adjustment which resulted in a $41 million decrease of available funding this biennium, though collections for the current biennium are $16 million over prior projections. The net decrease…
September 19, 2013
September Revenue Forecast Predicts Continued Gains
It is tempting to copy and paste our post from June’s revenue forecast into this one, as the September revenue forecast cites many of the same themes: continued federal budget instability, rising house prices in conjunction with possible interest rate hikes, and likely economic losses in Asia could disrupt the slow recovery currently underway. However,…
June 18, 2013
Washington’s June Revenue Forecast Shows Small Improvements
On Tuesday, June 18, the Washington State Economic & Revenue Forecast Council (ERFC) released its quarterly update of General Fund-State (GFS) revenues. Compared with the March forecast, expected GFS revenues are up $110 million for the current biennium (2011-13) and $121 million for the next biennium (2013-15), meaning legislators have an additional $231 million to factor…
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