Revenue forecast for Washington state up $288 million

Associated Press

OLYMPIA — Projected revenue for the state of Washington has increased by about $288 million through the middle of 2019.

Numbers released Wednesday by the Office of Financial Management show the state’s revenue collection will be up, partly because the state’s economy performed better than expected in June.

Total revenue generated for the state’s general fund budget for 2017-2019 is predicted to be about $44 billion.

In June lawmakers approved a two year, $43.7 billion state operating budget. It spends $1.8 billion on K-12 public schools over the next two years. That investment is part of a $7.3 billion hike over four years designed to satisfy a state Supreme Court ruling that the state had not adequately funded basic education.

The budget also adds $618 million for public employee collective bargaining and pay and $102 million in mental health spending.

Talk to us

More in Herald Business Journal

Big new apartment complex anchors Broadway’s transformation

The seven-story, 140-unit Kinect @ Broadway is one of several facelifting projects in Everett’s core.

Marysville sues Arlington over plan for 500 apartments

Marysville worries the major project on 51st Avenue NE will gum up traffic at a nearby intersection.

Dining in the street is now an official thing in Everett

With a free permit, businesses can expand outdoor seating to street parking areas — and fencing is provided.

Tourism takes a vacation, and many businesses are hurting

With people staying home, do you scale back activities and events — or do you close?

Everett’s new equity manager is ready to roll up her sleeves

In her new job, Kay Barnes will work to ensure that the city’s staff reflects Everett’s diversity.

Everett startup makes a swift pivot from in-person to online

Abacus links hobbyists, crafters and artists with people who want to learn new skills — virtually.

Pop into this Everett pop-up store for new vinyl records

Upper Left Records will offer albums from local bands and new pressings of classic recordings.

Snohomish County PUD embraces ‘smart’ meters despite concerns

A handful of customers said they were worried about privacy, peak-hour rate increases and safety.

FAA: Boeing pressured safety workers at S.C. aircraft plant

Federal officials are seeking to fine Boeing $1.25 million for practices related to 787 inspection oversight.

Microsoft tries to salvage deal to buy TikTok, appease Trump

The president had floated plans for an outright ban of the app on national security grounds.

COVID and road closures have hampered Rucker Ave. businesses

The streetscape looks better, but pedestrian traffic hasn’t returned.

FAA spells out design changes needed in grounded 737 Max

The public will now get 45 days to comment, after which the FAA is expected to publish a final rule.