Statement from Rep. Terry Nealey on today’s state revenue forecast
The Washington State Economic and Revenue Forecast Council released its state revenue forecast today. According to Chief Economist and Executive Director Steve Lerch, the General Fund-State (GF-S) revenue forecast has increased by $333 million for the current 2015-17 biennium. Legislative and budget-driven revenue changes added $193 million to forecasted revenue in this biennium.
“Today's report on our state's finances reveals that while tax collections continue to rise, parts of our economy – including exports and manufacturing – are slowing down. There are also too many people who are working part-time but want to work full-time, or who have given up looking for jobs. This underscores the importance of the Legislature not only focusing on responsible state spending, but pro-growth economic policies that help families and communities prosper.”
For more information about Rep. Nealey, visit: www.representativeterrynealey.com.
###Washington State House Republican Communications