Washington state revenues up nearly $1 billion

OLYMPIA, Wash. (AP) — Washington state’s economy is projected to have nearly $1 billion more than previously assumed through mid-2023. Updated numbers by the the Economic and Revenue Forecast Council show that projected revenue collections for the 2021-2023 budget cycle are $927 million above what had been originally forecasted in June. And projections for the next two-year budget cycle that ends in mid-2025 increased by more than $931 million. The next state revenue forecast will be in November.