There are more money problems in Olympia.

Washington economists are now expecting less revenue than they thought through 2029, according to a news release from the Office of Financial Management (OFM).

The state’s forecast council said projections are down about $66 million from September, thanks to fewer housing permits and slower job growth.

However, OFM said it’s a “relatively small adjustment” and is offset by an increase in state payments from the Tobacco Master Settlement Agreement.

Earlier this month , the state received approximately $66 million from the latest settlement with tobacco company Philip Morris, following a multibillion-dollar settlement reached nearly 30 years ago.

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