Statement from Rep. Terry Nealey on state revenue forecast
The Washington State Economic and Revenue Forecast Council released its state revenue forecast today. According to Chief Economist Steve Lerch, the General Fund-State change is an increase of $106 million for the ongoing 2013-15 budget cycle. The council increased its revenue forecast for the 2015-17 biennium by $309 million.
“Our state's tax collections continue to improve. State lawmakers asked for this forecast early. With this new revenue and information in hand, it's time for budget writers to work expeditiously toward a new operating budget that is prioritized and sustainable.
“It's also important to look beyond the numbers and remember many working families are still struggling. Our state's chief economist said our economic recovery, including wage growth, continues to be weak. The debate in Olympia should not be about major tax increases and more costs for consumers. Instead, the Legislature should be focusing on easing the financial burdens on Washingtonians.”
###Washington State House Republican Communications