June revenue forecast shows mixed picture, adds to expected shortfall in coming budget cycle
OLYMPIA – Washington’s June revenue forecast shows a mixed picture, according to the Washington State Economic and Revenue Forecast Council. Legislation passed in the 2026 legislative session increased projected Near General Fund revenue through 2031, but weakened economic activity has reduced projected revenue to the state by nearly $1 billion since the February forecast.
Although the overall revenue is an increase relative to February, compared to assumed revenue in the enacted budget from 2026, it is a net decrease. The impact to the budget writing process for the upcoming 2027–29 biennium is lawmakers will face a greater shortfall than was shown in February, assuming the picture doesn’t improve over the next two revenue forecasts.






