OLYMPIA, Wash. (AP) — Washington lawmakers have received updated revenue numbers that give them much more money to work with as they prepare to unveil their two-year state budget proposals.
The numbers released by the Office of Financial Management at a meeting of the Economic and Revenue Forecast Council Wednesday showed state revenues look to increase by about $861 million more than expected through the middle of 2021.
Overall state revenues increased by nearly $307 million for the current two-year budget that ends mid-2019, putting it at $46.1 billion.
The projections for the next two-year budget that ends in mid-2021 also increase, by nearly $554 million, pushing the state budget up to $50.6 billion.
House Democrats have said their budget proposal for the 2019-2021 budget cycle will be released early next week, and Democrats in the Senate will follow with their own proposal.
The current 105-day legislative session is set to end April 28.