state funding
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…
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…
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…
February 23, 2018
OPB Brief on Senate and House Leadership 2018 Supplemental Budget Proposals
On Monday, leadership in the Senate released their 2018 supplemental operating and capital budget proposals. On Tuesday and Wednesday, leadership in the House followed with the release of their 2018 supplemental operating and capital budget proposals. The supplemental proposals include technical corrections and minor appropriation changes to the recently approved 2017-19 biennial capital budget, as…
February 15, 2018
February Revenue Forecast Shows Largest Increase since Recession
Today, the Washington state Economic and Revenue Forecast Council (ERFC) released their February revenue forecast. The projected General Fund-State (GF-S) revenue forecast for the 2017-19 biennium increased by $647 million. Projected revenue collections for the 2019-21 biennium have also increased by $671 million. According to the Governor’s Office of Financial Management (OFM), this forecast is…
January 18, 2018
Capital Budget Moving Through Senate
A proposed state capital budget, SB 6090, passed out of the Senate Committee on Ways & Means with substitutes and may be voted on soon. Last session, lawmakers came to a compromise on a proposed capital budget, but it was ultimately not passed due to a disagreement over a rural water rights issue. This proposal…
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