UW Budget
April 30, 2013
Legislature Adjourns, Special Session Starts May 13
The 105-day state legislative session officially ended this Sunday, April 28th. Unfortunately, the state legislature was unable to reach a compromise on the budget by the end of the session. A significant cause of the impasse is the Washington State Supreme Court ruling that requires the legislature to fully fund K-12 education. The House budget…
April 11, 2013
House Chair Released 2013-15 Operating Budget
House Ways & Means Chair Ross Hunter released the House budget proposal today. Please see the OPB Brief for a complete analysis. Table 1 shows the total funding the UW would receive under the House chair budget, divided into three standard categories: the carry forward level, the maintenance level and the performance level. The House assumes…
April 3, 2013
Senate Chair Releases 2013-15 Operating Budget
Senate Ways & Means Chair Andy Hill released the Senate budget proposal today. Please see the OPB Brief for a complete analysis. Tuition: The Senate Chair budget contains language allowing the Regents to set tuition and fees for all student categories other than resident undergraduates. The budget bill assumes no tuition increases for resident undergraduates; however,…
April 1, 2013
Governor Inslee Releases Budget Priorities
On Thursday, Governor Inslee released his budget priorities for the 2013-15 biennium. OPB released a comprehensive brief on the plan, but below is a quick summary of the major points in the Governor’s budget. Governor Inslee’s plan would fund all of higher education, including financial aid, with nearly $3 billion (8.4 percent of the total budget),…
December 18, 2012
Governor Gregoire Releases Budgets
The Governor’s budget office released the first set of biennial budgets today. The current Governor proposed a “current law” balanced budget, assuming no new revenue, and a budget with new revenue, appropriating $34.1 billion of Near General Fund State per year, for which all of higher education, including financial aid, would receive nearly $3 billion…
Federal Budget Update
Check out Christy Gullion’s latest post about a possible to deal to avoid the federal fiscal cliff.
November 14, 2012
Steady Revenue Forecast
Washington’s Economic Revenue and Forecast Council (ERFC) released November’s revenue forecast today. Overall, revenue collections for the current biennium are holding steady, while collections anticipated for the next biennium are slightly lower than the previous forecast. 2011-13 (FY12 and FY13) For the current biennium, collections are $8 million higher than the previous forecast, and though this…
September 21, 2012
WA Revenue Forecast Up Slightly
The Economic Revenue and Forecast Council (ERFC) released its September revenue forecast on the 19th. Believe it or not: Anticipated revenues for the current (2011-13) and upcoming (2013-15) biennia were slightly ahead of the previous forecast. Although only eight months of the current biennium remain, revenues are running $29 million ahead of predicted levels due…
August 7, 2012
Another Depressing State Budget Forecast
Yesterday, Governor Gregoire’s budget office issued a lackluster four-year revenue and expenditure outlook for the state’s near general fund. The coming 2013-15 biennium (FY14 & FY15), for which the Governor will release a budget in December, comes up short on anticipated revenue and long on expenditures. Before accounting for required increases in K12, across-the-board salary…
July 18, 2012
New Report Suggests State Budget Woes Will Continue
A new study from the State Budget Crisis Task Force concludes that in many states, anticipated revenues will be insufficient to cover mounting Medicaid enrollment caseloads, underfunded pension commitments, and local government budget obligations. The authors focused their investigation on California, Illinois, New Jersey, New York, Texas, and Virginia. They predicted that anticipated revenues (from…
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