OLYMPIA – Washington state's projected state revenue through 2029 has decreased by roughly $66 million from the September 2025 forecast, according to a report by the Washington State Economic and Revenue Forecast Council.

The decline is attributed to lower projections for housing permits and employment, although an increase in state payments from the Tobacco Master Settlement Agreement provides some offset, the council reported.

Projected revenue for the 2025–27 biennium is now $74.5 billion, up about $105 million since September, but still $390 million lower than when the budget was enacted in May. For the 2027–29 biennium, revenue is forecasted at $79.4 billion, $185 million below September's projections.

Dave Reich, the council's executive director, noted the broader economic uncerta

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