WA four-year revenue forecast drops almost $900 million

(The Center Square) – In June, the Washington State Economic and Revenue Forecast Council’s revenue forecast anticipated that state coffers would run dry by 2027 despite record revenue levels and following the largest tax increase in state history. Now, ERFC’s updated revenue forecast anticipates the state will have almost $900 million less coming in than before over the next four years, which is being attributed in part to national policies such as Federal Reserve interest rates and President Donald Trump’s tariff policies, but also a decline in residential construction. 

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Read more: https://www.thecentersquare.com/washington/article_5324ffe2-3b7e-4c65-ad1d-d0e90b1e33bc.html

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