SNOHOMISH WASHINGTON NEWSPAPER Thursday, February 21, 2019   
Snohomish Times News
Home | Business News | County News | Entertainment | Local News | Photo Gallery | Prep Sports | Roads Traffic News | Snohomish News Archive | STSPN.COM

$415 million increase in forecasted revenue

KTKO AM1380
Published:2015-05-19 Opinion
$415 million increase in forecasted revenue     Print Snohomish Times    
$415 million increase in forecasted revenue

By Jason Mercier
With not much progress to date on budget negotiations during the special session, yesterday's $415 million increase in forecasted revenue may just be what lawmakers need to wrap up their work. According to the state's Economic Revenue Forecast Council:
“The GF-S revenue forecast has been increased by $106 million for the 2013-15 biennium and by $309 million for the 2015-17 biennium . . . GF-S revenues are expected to grow 9.8% between the 2011-13 and 2013-15 biennia and 9.2% between the 2013-15 and 2015-17 biennia.”
This $415 million increase in forecasted revenue means lawmakers now have approximately $3.2 billion in new revenue to increase state spending with. Of note, the 9.2% increase in revenue also exceeds the amount that lawmakers are allowed to grow the budget by under current law.
Under the state's spending limit, the budget is currently allowed to increase by 8.65% for 2015-17 - well within the 9.2% increase in forecasted revenue growth. Both budgets (House/Senate), however, currently propose spending in excess of not only the state spending limit but forecasted revenue.
A $3.2 billion increase in forecasted revenue coupled with complying with the state's spending limit should be enough to help lawmakers "set the size of the box" for budget negotiations and finish their work.




Published: Wednesday, February 20, 2019
Funding to encourage thoughtful online behavior in students’ proposed Funding to encourage thoughtful online behavior in students’ proposed
• Funds a regional conference on media literacy and digital citizenship • Develops programs integrated into existing subjects on these topics


Published: Wednesday, February 20, 2019
Snohomish City Council passes plastic bag ban Snohomish City Council passes plastic bag ban
On Tuesday, February 19, 2019, the Snohomish City Council passed an ordinance to ban single-use plastic bags distribution and require retailers to charge consumers for paper bags at the point of sale.


Published: Wednesday, February 20, 2019
Additional arrests made Additional arrests made
Additional arrests made in connection with Feb. 17 homicide


Published: Sunday, February 17, 2019
Senate passes bill to remove the death penalty Senate passes bill to remove the death penalty
• Measure now goes to House of Representatives • Senate passed similar bill in 2018, did not get a vote in House


Published: Saturday, February 16, 2019
Firefighters fight blaze Firefighters fight blaze
At 2:19 PM fire crews from Lake Stevens Fire, Everett Fire Department and Snohomish County Fire District 22 were dispatched to a report of a residential fire



Traffic Conditions Published: 2019-02-14
Breaking up with high tax states is easy to do
Published: 2019-02-13
Guest worker visas
Published: 2019-02-07
State of Emergency Ahead of Storms
Published: 2019-02-03
Woman trapped in submerged vehicle
Published: 2019-02-02
Firefighters rescue one amid frigid water
Published: 2019-02-01
Arrest made in Everett homicide
Published: 2019-02-01
Dwarf tossing in Washington state

Rairdons Monroe Dodge

Snohomish Sports Network

Advertisement

Live Police Scanner

Snohomish County Sheriff, City of Snohomish,
Lynnwood, Mill Creek, Everett - Police & EMS/Fire


Speedway Chevrolete

Advertisement

mondotimes
The Worldwide Media Guide

 


SNOHOMISH contact