Economic and Revenue Council
New state budget forecast offers $1B worth of good news for Washington leaders
Lawmakers will have nearly $1 billion more to spend in the current budget, according to the latest analysis from the state’s chief economist. A new forecast released Tuesday projects state revenues will reach $66.7 billion for the two-year budget cycle that began July 1, an increase of $663 million from what chief economist Steve Lerch […]
Data shows drop in multifamily home construction in Washington
Building permits for apartments and other multifamily housing in Washington were down in the second quarter of the year while permits for single-family homes continued to rise. Numbers the state Economic and Revenue Forecast Council released Tuesday showed housing construction overall in the last four years slowed, but mostly because of a 7,000-unit drop during […]