Back to today’s briefing

Story perspectives

Washington's 2029 Forecast Drops $66M Amid Housing Concerns

11/19/2025

50 3 Full Breakdown

Summary

Story summary

The Washington State Economic and Revenue Forecast Council reports the 2029 forecast declined by about $66 million due to housing permits and employment growth.
The 2025–27 revenue is projected at $74.5 billion, up $105 million since September.
Governor Bob Ferguson of Washington state will propose a budget in December.
Democrats face questions about potential tax increases.
The next revenue forecast is due February 20, 2026.

1 of 1

Story summary

The Washington State Economic and Revenue Forecast Council reports the 2029 forecast declined by about $66 million due to housing permits and employment growth.
The 2025–27 revenue is projected at $74.5 billion, up $105 million since September.
Governor Bob Ferguson of Washington state will propose a budget in December.
Democrats face questions about potential tax increases.
The next revenue forecast is due February 20, 2026.