Washington's latest budget outlook shows another $845M dent in state revenue
Washington lawmakers have been waiting on a new set of state revenue estimates as they put the final touches on budget proposals expected next week.
Those figures arrived Tuesday and further dimmed the financial outlook at a time when the state is already facing an operating budget shortfall estimated to be as much as $15 billion over the next four years.
The latest forecast shows that money flowing into the state’s operating budget during that time is expected to be nearly $900 million lower than projections released in November.
Revenues for the remainder of this budget cycle show a modest, $54.4 million increase from the November figures. When taking this into account, revenue is down $845 million through 2029.
https://washingtonstatestandard.com/2025/03/18/washingtons-latest-budget-outlook-shows-another-845m-dent-in-state-revenue/