This morning, the Economic Revenue Forecast Council (ERFC), approved an updated forecast of state revenue. And it’s all good news because the Washington State economy is performing better than expected. Since the last forecast 3 months ago, the State is expected to receive an additional $247 million through June 30, 2017, $303 million through June 30, 2019, and $188 million through June 30, 2021.
With that final forecast, the House and Senate budget writers can finish up their work and present their budgets. The Senate is expected to introduce their budget next Monday, the 20th, and the House the following Monday, the 27th.