State Legislature
July 3, 2024
June Revenue Forecast Revised Downward for Current and 2025-27 Biennia
The Washington State Economic and Revenue Forecast Council (ERFC) released its June revenue forecast on Wednesday, June 26, 2024. Revenue projections were revised downward for the current 2023-25 biennium as well as for the 2025-27 biennium. In February, we highlighted that experts expected revenue to increase over previous projections for the 2023-25 and 2025-27 biennia….
February 16, 2024
February Revenue Forecast Again Revised Upward for Current Biennium
The Washington State Economic and Revenue Forecast Council (ERFC) released its February revenue forecast on Wednesday, February 14, 2024. Revenue projections were again revised upward for the current 2023-25 biennium as well as for the 2025-27 biennium. In November, we highlighted that experts expected revenue to increase over recent projections for the 2023-25 and 2025-27…
November 21, 2023
November Revenue Forecast Revised Upward for Current Biennium
The Washington State Economic and Revenue Forecast Council (ERFC) released its November revenue forecast on Monday, November 20, 2023. Revenue projections were again revised upward for the current 2023-25 biennium as well as for the 2025-27 biennium. In September, we highlighted that experts expected revenue to increase over recent projections for the 2023-25 and 2025-27…
October 4, 2023
September Revenue Forecast Revised Upward for Current Biennium, Returning to Previously Projected Levels Despite Slowing Growth
The Washington State Economic and Revenue Forecast Council (ERFC) released its September revenue forecast on Tuesday, September 26, 2023. Revenue projections were again revised upward for the 2023-25 and 2025-27 biennia, as well as for the 2021-23 biennium that ended on June 30. In June, we highlighted that experts expected revenue to increase slightly over…
June 28, 2023
June Revenue Forecast Projections Revised Slightly Upward for Upcoming Biennium, Despite Slowing Growth
The Washington State Economic and Revenue Forecast Council (ERFC) released its June revenue forecast on Tuesday, June 27, 2023. Revenue projections have been revised slightly upward for the current biennium as well as for the 2023-25 and 2025-27 biennia. In March, we highlighted that experts expected revenue to decrease over previous projections for the 2023-25…
March 22, 2023
March Revenue Forecast Projections Revised Downward for Upcoming Biennium
The Washington State Economic and Revenue Forecast Council (ERFC) released its March revenue forecast on Monday, March 20, 2023. In November, we highlighted revenue projections for the 2023-25 biennium and summarized experts’ cautions regarding slowing economic growth. These concerns were associated with rising inflation and interest rates, in addition to geopolitical factors including the war…
November 22, 2022
November Revenue Forecast Reports Increased Projections for the Current and Upcoming Biennia, While Economic Growth Continues to Slow
The Economic and Revenue Forecast Council (ERFC) released its November revenue forecast on Friday, November 18, 2022. In September’s forecast, we highlighted revenue projections for the 2023-25 biennium and summarized experts’ cautions towards slowing economic growth. This was associated with rising inflation and interest rates, in addition to geopolitical factors including ongoing supply chain disruptions….
September 29, 2022
September Revenue Forecast reduces projections for the 2023-25 Biennium, as growth slows more than anticipated
Overview The Economic and Revenue Forecast Council (ERFC) released its September revenue forecast on September 21, 2022. We noted in our previous blog post that the June forecast showed continued economic growth, but warned growth was slowing in the face of rising inflation and interest rates, as well as continued supply chain disruptions and other economic challenges….
June 28, 2022
June Revenue Forecast Increased by $1.5 billion for the Current Biennium, but Cautions that Growth is Slowing
Overview The Economic and Revenue Forecast Council (ERFC) released its June revenue forecast on June 22, 2022. We noted in our previous blog post that the February revenue forecast showed continued economic growth, despite several challenges posed by emerging COVID-19 variants, supply chain disruptions, and rising inflation. COVID-19 case rates in Washington have since declined and remained…
February 17, 2022
February Revenue Forecast Reflects Sustained Growth as Legislature Finalizes their Supplemental Budget Proposals
The Economic and Revenue Forecast Council (ERFC) released its February revenue forecast on February 16, 2022. We noted in our previous blog post that the November revenue forecast showed continued economic growth, despite rising COVID-19 cases, supply chain disruptions, and rising inflation. In Washington state, the COVID-19 case rates are now steadily declining from the recent surge…
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