Office of Planning & Budgeting

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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…


April 4, 2019

House and Senate Proposed 2019-21 Biennial Operating and Capital Budgets

Last week, leadership in the House and Senate released their 2019-21 state biennial operating and capital budget proposals. The House Appropriations committee released their initial operating and capital budget proposals on March 25. The Senate Ways & Means committee released their capital budget proposal on March 27 and their operating budget proposal on March 29….


March 21, 2019

March Revenue Forecast Shows Consistent Growth

The Washington Economic and Revenue Forecast Council (ERFC) released their March revenue forecast on March 20. The projected Near General Fund-State (NGF-S) revenue forecast for the current 2017-19 biennium increased by $307 million, while the projected revenue collections for the upcoming 2019-21 biennium increased by $553.5 million. The report shows a similar forecast as that published…


December 18, 2018

Governor Inslee’s Proposed 2019-21 Biennial Operating and Capital Budgets

On Thursday, Governor Jay Inslee released his proposed 2019-21 biennial operating and capital budgets. For a detailed analysis and summary of the Governor’s proposals, please see OPB’s brief on this page. The Governor’s operating budget assumes significant new revenue from the creation of a capital gains tax, increasing the business and occupation tax rate for…


November 28, 2018

November Revenue Forecast Predicts Slower, But Increasing Growth

The Economic and Revenue Forecast Council (ERFC) released their November revenue forecast. The projected Near General Fund-State (GF-S) revenue forecast for the 2017-19 biennium increased by $163.4 million. Projected revenue collections for the 2019-21 biennium increased by $195.5 million. The report projects higher personal income than the September revenue forecast, but slower growth. Here is a quick…


November 14, 2018

September Revenue Forecast Shows Increased Revenue

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 $348 million. Projected revenue collections for the 2019-21 biennium increased by $443 million. The forecast expects higher personal income and employment than the June revenue forecast. Here is a quick summary…


July 19, 2018

July Economic & Revenue Update Indicates Continued Growth in Washington

Last month the Washington state Economic and Revenue Forecast Council (ERFC) released their June revenue forecast. Cumulative major General Fund-State (GF-S) revenue collections were $189 million higher than the February revenue forecast. Here is a quick summary of the total projected GF-S revenue for each biennium: $45.288 billion, for the 2017-19 biennium, 16.0% more than…


April 5, 2018

OPB Briefs: 2018 Bill and Fiscal Note Summaries Now Available

Date: April 5, 2018 OPB has posted two summaries, recapping the 2018 state legislative session, under the “Briefs” tab of the OPB website: The 2018 Session Bill Summary lists the bills OPB tracked that were passed by the legislature. Links to veto messages are provided for bills that were partially vetoed by the Governor. Of…


March 9, 2018

OPB Brief on Compromise 2018 Supplemental Budgets

Leadership in the state House and Senate released their compromise 2018 supplemental budget proposals earlier this week—the capital proposal came out on Tuesday evening and the operating proposal on Wednesday evening.  With the release of these budgets, and with their subsequent passage by the legislature, lawmakers ended the legislative session on time, for the first time…



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