Office of Planning & Budgeting

state funding


May 6, 2020

Economic and Revenue Forecast Council Releases April Budget Outlook

On Thursday, April 30, the Economic and Revenue Forecast Council met to review and approve the April 2020 budget outlook. The budget outlook used the February revenue forecast and contained no major changes to revenues or appropriations for the 2019-21 biennium. During their meeting, the Council acknowledged that there will likely be changes to the…


February 20, 2020

February Revenue Forecast Shows Continued Growth

The Economic and Revenue Forecast Council (ERFC) released their February revenue forecast on February 19. The projected Near General Fund-State (GF-S) revenue forecast increased by $606 million for the 2019-21 biennium and by $536 million for the 2021-23 biennium. The report projects higher than forecasted revenue compared to the November revenue forecast. Here is a quick summary…


November 22, 2019

November Revenue Forecast Shows Increased Revenue, but Slowing Growth

The Economic and Revenue Forecast Council (ERFC) released their November revenue forecast on November 20. The final tabulation of Near General Fund-State (GF-S) revenue for the 2017-19 biennium was $46.081 billion, $5 million less than estimated in September. Projected revenue collections increased by $299 million for the 2019-21 biennium and by $181 million for the 2021-23…


September 26, 2019

September Revenue Forecast Indicates Slowing, but Continued Growth

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 $27 million. Projected revenue collections for the 2019-21 biennium increased by $447 million, decreased by $63 million for the 2021-23 biennium. The report projects similar growth to the June revenue forecast….


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…


January 31, 2019

OPB Brief on Published Price vs. Net Price – 2019 update

The 2019 update of the Published Price vs. Net Price brief is now available on our briefs page, and reflects the newest available data.  The brief includes sector-wide data on trends in published price and net price for public and private four-year colleges and institutions, a description of how declining state investment in higher education has spurred…


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…



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