Office of Financial Management
May 2, 2016
OPB Briefs: 2016 Bill Summary and 2016 Fiscal Note Summary Now Available
OPB has posted two summaries concerning the 2016 legislative session to the Briefs tab of our website: The 2016 Bill Summary lists the bills OPB tracked during session that were passed by the legislature. Links to veto messages are provided for bills that were vetoed or partially vetoed by the Governor. Of the nearly 600 bills…
April 18, 2016
Updated OPB Brief: Governor Action on 2016 Compromise Supplemental Operating and Capital Budgets
On April 18, Governor Inslee signed the final compromise operating budget after vetoing several sections. One of the Governor’s vetoes reversed a plan to convert activities conducted by the Office of Financial Management (OFM) into a “central service.” As a result of the veto, the UW will no longer be billed approximately $2.03 million from…
March 30, 2016
OPB Brief: Final 2016 Supplemental Operating and Capital Budgets
The 2016 Legislature concluded its business having passed supplemental operating and capital budgets before the scheduled close of the 30-day special session. Please see the OPB brief for a detailed overview of the final compromise budgets. While the compromise operating budget includes $3.513 million in additional biennial funding to “true up” the tuition backfill associated…
March 14, 2016
Special Session and Senate Second Supplemental Budget Offer
The House and Senate did not come to an agreement on a 2016 supplemental budget by the end of the 60-day regular session, which was slated to end March 10. Several news outlets reported the tense ending, which featured Governor Inslee vetoing 27 bills (see an example here). The Governor convened a 30-day special session,…
December 21, 2015
Governor Inslee’s 2016 Supplemental Operating and Capital Budgets
Governor Jay Inslee released his supplemental operating and capital budget proposals on Thursday, both of which include technical corrections and minor appropriation changes to the current 2015-17 biennial budgets (fiscal years 2016 and 2017). This budget release marks the first step of the 2016 legislative session – set to begin on Monday, January 11, 2016….
May 18, 2015
June State Revenue Forecast – Early Release:
Today’s Economic and Revenue forecast was released a month ahead of schedule to help lawmakers reach agreement on the 2015–17 operating, capital and transportation budgets. General Fund-State (GF-S) revenue forecast has been increased by $106 million for the 2013-2015 biennium and by $309 million for 2015-2017. GF-S revenue for the 2013-2015 biennium is now $33.653…
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 13, 2014
House and Senate Reach Agreement on Supplemental Operating Budget
*Although the conference budget cuts state funding by $7.3 million, it also reduces the amount employers can spend on benefits per employee per month to $622, which essentially offsets the cut. † The $1,200,000 figure is an estimate until OFM sends additional instructions.
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…
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