WebWASHINGTON STATE ECONOMIC AND REVENUE FORECAST COUNCIL Recessions have frequently been preceded by the Federal Reserve raising interest rates Source: … WebApr 6, 2024 · The most recent update from the state's Economic and Revenue Forecast Council (ERFC) in March 2024 projected fiscal 2024-2025 biennium revenues at levels 42% higher than 2024-2024 biennium revenues. Upward revisions to the revenue forecast come despite mixed projections for key economic indicators such as personal income, state …
Economic & Revenue Forecast Council Office of Financial …
WebTo promote state government financial stability by producing an accurate forecast of economic activity and General Fund revenue for the legislature and the governor to be … Each quarter the staff of the Economic and Revenue Forecast Council prepares a … Past Presentations Should you wish to request a copy of the Power Point deck … Chapter 8, Laws of 2012, requires the legislature to adopt a four-year balanced … With the enactment of SSB 6660, as of July 1, 2024, the Expenditure Limit … In order to promote the free flow of information the agency distributes a … The citizens of Washington should enjoy a high quality of life, which requires a … This page contains most of the Publications from the Washington State Economic … WebJul 8, 2024 · A sitting member of the Economic Forecast Review Council (ERFC), Treasurer Davidson heard firsthand during the June revenue forecast meeting the report detailing expected revenue losses for the state and predicted significant decline in revenues for the remainder of 2024 as a result of the coronavirus epidemic. bob windsor
ERFC releases updated economic forecast - Washington …
WebDec 1, 2024 · The Economic and Revenue Forecast Council (ERFC) released its November revenue forecast on Friday, November 18, 2024. In September’s forecast, we highlighted revenue projections for the 2024-25 biennium and summarized experts’ cautions towards slowing economic growth. WebWASHINGTON STATE ECONOMIC AND REVENUE FORECAST COUNCIL. What are the major factors that drove the revenue forecast change? • Positive $283 million variance in last two months indicates September forecast had collections growth slowing too soon • B&O collections primary driver of forecast Weband Revenue Forecast Council's February 2015 forecast.-Eleven months of collections in Fiscal year 2024 due to July 1, 2016 effective date. Data Sources - Department Real Estate Excise Tax Administration System -Economic and Revenue Forecast Council February 2015 Forecast Additional Information Additional Information Category: Other clochers 60