revenue forecast
June 21, 2016
June Revenue Forecast Increases Projections for the 2015-17 and 2017-19 Biennia
Last week, the Economic and Revenue Forecast Council (ERFC) released its June revenue forecast, which increased projected General Fund-State (GF-S) collections by $294 million for the current 2015-17 biennium and by $126 million for the upcoming 2017-19 biennium. This is an improvement over the February forecast, which had predicted slower revenue growth in both biennia (see our blog…
February 17, 2016
February Revenue Forecast Reduces Projections for 2015-17 and 2017-19 Biennia
On Wednesday, the Economic and Revenue Forecast Council (ERFC) released its February revenue forecast, which reduced projected General Fund-State (GF-S) collections compared to the November revenue forecast (see our blog post here). The GF-S revenue forecast decreased by $67 million for the current 2015-17 biennium and by $442 million for the 2017-19 biennium. While the revision to the 2017-19…
November 20, 2015
November Revenue Forecast Predicts Moderate Growth
On Wednesday, the Economic and Revenue Forecast Council released its November revenue forecast, which projected a slight increase to General Fund-State (GF-S) collections over the September revenue forecast. The GF-S revenue forecast increased by $113 million for the current 2015-17 biennium and $30 million for the 2017-19 biennium. Final GF-S revenue collections for the 2013-15…
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…
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…
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,…
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…
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