Tagged: Revenue Forecast

OLYMPIA, Wash. – Washington’s nearly $1 billion shortfall could grow after Wednesday’s revenue forecast. The state already faces higher than expected Medicaid costs. It’s widely expected the March forecast will show revenues coming in lower than expected. The governor and legislative budget writers have been waiting to see what the forecast brings before they roll out their spending proposals.

Washington’s economy remains essentially flat. That’s the takeaway from Washington’s quarterly revenue forecast out Wednesday. It shows an increase of about a $150 million through the current two-year budget cycle.

That slight uptick in projected revenues is mostly due to legislative policy decisions this year like fund transfers, not the economy.