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Washington forecasts $75.3B in revenue over two years, up $827M, due to stronger growth and higher wages.
Washington state’s revenue forecast has improved, projecting $75.3 billion in income over the next two years—$827 million more than previously estimated—due to stronger economic growth, higher wages, and increased spending.
The boost, driven by early tax collections and rising personal income, offers lawmakers more flexibility as they prepare supplemental budget proposals.
While the outlook eases fiscal pressure, challenges remain from rising costs and demand for services.
Officials caution that final budget decisions will require careful negotiation, with key choices still pending on spending, tax policy, and use of the rainy-day fund.
Washington pronostica $75.3 mil millones en ingresos en dos años, un aumento de $827 millones, debido a un crecimiento más fuerte y salarios más altos.