'All bad news': WA tax receipts expected to slide further

Projected tax collections in Washington continue to fall, with declines totaling more than $500 million since the governor signed off on billions of dollars in tax increases earlier this year to help balance the budget.

Estimates shared with officials Tuesday show receipts for the current two-year state budget tumbling $412 million further from what was forecast three months ago. Incorporating the previous forecast from June, this puts the total slide over half a billion dollars.

The troubling report from Dave Reich, the state’s chief economist, to the Economic and Revenue Forecast Council sets the stage for another legislative session marred by tough budget decisions, with the potential for further cuts to state services and higher taxes.

Sen. June Robinson, the lead budget writer in the Senate, said it’s “all bad news” that will make figuring out a supplemental budget plan next year “that much harder.”

https://washingtonstatestandard.com/2025/09/23/all-bad-news-wa-tax-receipts-expected-to-slide-further/