OLYMPIA—Washington state is projecting a $903 million decrease in Near General Fund revenue collections through 2029 from its June 2025 forecast, according to estimates released Tuesday by the Washington State Economic and Revenue Forecast Council (ERFC).

According to ERFC, “The changes in the forecast are primarily the result of a weaker taxable sales forecast for retail and construction, lower state agency revenues, and a reduction in projected real estate excise tax returns.”

“For some time, my budget team has been preparing for a challenging revenue forecast. Today’s forecast is disappointing but not surprising,” Governor Bob Ferguson (D) posted to X addressing the revised revenue forecast. “Unfortunately, we are also grappling with the impacts of President Trump’s Big Betrayal Bill,

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