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State legislative report 03/22: Legislature gets positive economic news | WAWG
State legislative report 03/22: Legislature gets positive economic news | WAWG
On March 17, the Washington State Economic and Revenue Forecast Council released updated revenue forecasts bringing the budget writers very good news – the state is expected to collect an additional $1.3 billion in state revenues for the current two-year budget, and an additional $1.9 billion for the 2021-2023 biennium, leaving the state with a net surplus of nearly $3 billion – including reserves – at the end of the current biennium.
·wawg.org·
State legislative report 03/22: Legislature gets positive economic news | WAWG
Washington state projected to get $3.2 billion more in taxes as economy brightens amid COVID-19 recovery | The Seattle Times
Washington state projected to get $3.2 billion more in taxes as economy brightens amid COVID-19 recovery | The Seattle Times
OLYMPIA — Washington’s state tax collections are roaring back, with an estimated additional $3.2 billion projected through 2023 as parts of the economy brighten and people get vaccinated amid the COVID-19 pandemic. That’s a big chunk of money for a state with a $53.3 billion, two-year state budget that funds schools, parks, prisons and other programs.
·seattletimes.com·
Washington state projected to get $3.2 billion more in taxes as economy brightens amid COVID-19 recovery | The Seattle Times
Washington lawmakers get good news on state revenues | Tacoma News Tribune
Washington lawmakers get good news on state revenues | Tacoma News Tribune
Washington’s economy continues to improve, with the latest state revenue forecast showing that lawmakers will have more than $3 billion more to work with as they prepare to unveil budget plans next week, plus money the state will receive from the latest federal stimulus package.
·thenewstribune.com·
Washington lawmakers get good news on state revenues | Tacoma News Tribune
Statement from Agriculture Secretary Tom Vilsack on Senate Passage of the American Rescue Plan Act | USDA
Statement from Agriculture Secretary Tom Vilsack on Senate Passage of the American Rescue Plan Act | USDA
If you’re a mother or father struggling to get by, who didn’t always know when or where the next meal would come from, you will rest easier tonight knowing help is on the way. The bill not only boosts SNAP benefits through September, it also increases targeted nutrition assistance to mothers and young children and expedites more nutrition aid to U.S. territories. Farmers, business owners, and workers across the food supply chain will see additional assistance to respond to market disruption, as well.
·usda.gov·
Statement from Agriculture Secretary Tom Vilsack on Senate Passage of the American Rescue Plan Act | USDA
Economic Review - March 3, 2021
Economic Review - March 3, 2021
We expect a 1.3% increase in Washington employment this year which is down from the 3.5% increase in the November forecast. We expect above average growth through the remainder of the forecast as the economy recovers from this deep recession. We expect employment growth to average 2.2% per year in 2022 through 2025 compared to the 1.7% average rate expected in November. Our forecast for nominal personal income growth this year is 3.9%, up from a 1.1% decline in the November forecast.
·erfc.wa.gov·
Economic Review - March 3, 2021