Moderately slower growth in national and Washington economies leads to 0.6% drop in forecast
OLYMPIA – Washington’s projected Near General Fund revenue collections through 2029 decreased by around $903 million from the June 2025 forecast, according to estimates released today by the Washington State Economic and Revenue Forecast Council.
The changes in the forecast are primarily the result of a weaker taxable sales forecast for retail and construction, lower state agency revenues, and a reduction in projected real estate excise tax returns, according to the ERFC.