state funding
November 20, 2017
November Revenue Forecast Shows Incremental Growth
Today, the Washington state Economic and Revenue Forecast Council (ERFC) released November revenue forecast. The forecast increased projected General Fund-State (GF-S) revenue for the 2017-19 biennium by $304 million. Projected revenue collections for the 2019-21 biennium have also increased by $186 million. These new projections show a slight increase from the September revenue forecast. Here…
October 24, 2017
September Revenue Forecast Indicates Moderate Increase in Projected Revenue
Last month, the Economic and Revenue Forecast Council (ERFC) released their September revenue forecast, the first forecast of the current fiscal year. The forecast increased projected General Fund-State (GF-S) collections by $279 million for the current 2017-19 biennium and $243 million for the upcoming 2019-21 biennium. These increases are on top of increases projected in…
July 5, 2017
2017 Legislative Session: OPB Brief on 2017-19 Compromise Operating and Capital Budgets
Leadership in the House and Senate released a 2017-19 compromise state operating budget on June 30, 2017 in the form of Substitute Senate Bill 5883. The Governor signed the budget less than an hour before midnight, narrowly avoiding a partial state government shutdown. Lawmakers also passed a partial capital budget that reappropriates unspent capital funding from the…
June 20, 2017
June Revenue Forecast Predicts Slight Growth
Earlier today, the Economic and Revenue Forecast Council (ERFC) released its June revenue forecast, which increased projected General Fund-State (GF-S) collections by $81 million for the current 2015-17 biennium and by $87 million for the upcoming 2017-19 biennium. These increases are on top of the more significant increases projected in the March revenue forecast. Here is a quick…
June 7, 2017
Two New OPB Briefs: Resident Undergraduate Tuition Trends and Net Price
OPB has released two new briefs. The first brief focuses on trends in Resident Undergraduate (RUG) tuition rates and state funding environments across the United States, based on the most recent “Trends in College Pricing” report, which is released by the College Board each year. The report identifies Washington as the only state to have…
March 29, 2017
2017 Legislative Session– OPB Brief on House Appropriations Operating Budget Proposal
On Monday, leadership in the House Appropriations Committee released their initial operating budget proposal. This proposal follows last week’s release of the Senate operating proposal and December’s release of the Governor’s operating and capital proposals. See the new OPB brief here for information regarding the House proposal, as well as a full comparison between current…
March 22, 2017
2017 Legislative Session– OPB Brief on Senate Ways & Means Chair Operating Budget Proposal
On Tuesday, leadership in the Senate Ways & Means Committee released their initial 2017-19 operating budget proposal. This proposal is the first from a legislative body following the release of Governor Inslee’s operating and capital budget proposals from December. See OPB’s brief here for a full comparison. Unlike the Governor’s budget proposal, the Senate does…
March 16, 2017
March Revenue Forecast Shows Positive Growth
Earlier today, the Economic and Revenue Forecast Council (ERFC) released its March revenue forecast, which increased projected General Fund-State (GF-S) collections by $247 million for the current 2015-17 biennium and by $303 million for the upcoming 2017-19 biennium. These increases are on top of the increases projected in the November revenue forecast. Here is a quick summary of…
December 16, 2016
Governor Inslee’s Proposed 2017-19 Biennial Operating and Capital Budgets
On Wednesday, Governor Inslee released his proposed 2017-19 biennial operating and capital budgets. For a detailed analysis and summary of the Governor’s proposals, please review the OPB brief. The Governor’s ambitious spending plan relies on new revenue streams, including closing tax exemptions and establishing a new capital gains tax, to make significant investments in K-12 education,…
November 18, 2016
November Revenue Forecast Estimates Continued Growth
On Wednesday, the Washington state 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 $215 million for the current 2015-17 biennium and $137 million for the 2017-19 biennium. Final GF-S revenue collections for the 2013-15 biennium were…
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