state tax revenue

New state budget forecast offers $1B worth of good news for Washington leaders

BY: - September 27, 2023

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 […]

State rakes in nearly $850M from capital gains tax

BY: - May 25, 2023

A new capital gains tax is delivering huge dividends for the state. Washington hauled in nearly $850 million in first-year collections, which is more than triple the amount lawmakers counted on when they passed a new budget in April. The unexpected first-year bounty will be poured into early learning and child care programs, and school […]