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Washington's revenue forecast for 2029 dropped $66 million due to slower economic growth, despite a tobacco settlement.
Washington state's revenue forecast for 2029 has dropped by $66 million due to slower housing permits, employment, and income growth, though a tobacco settlement payment helped offset some losses.
The 2025–27 biennium projection is now $74.5 billion, $390 million below initial estimates, while 2027–29 revenue is forecast at $79.4 billion, $185 million lower than earlier.
Officials cite economic uncertainty from global factors, and Republicans warn of possible tax hikes as the governor prepares his budget proposal by late December.
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El pronóstico de ingresos de Washington para 2029 cayó 66 millones de dólares debido a un crecimiento económico más lento, a pesar de un acuerdo sobre el tabaco.