- Recent developments at the state level have been mixed relative to our November forecast. Washington employment has been very close to our forecast but federal fiscal policy has been more restrictive than expected, resulting in lower Washington disposable personal income, especially in 2013. On the plus side, the Washington housing market is rebounding faster than expected in the November forecast.
Four times each year, three state economic and revenue forecasts must be prepared; an official forecast, an unofficial forecast based on optimistic economic and revenue projections, and an unofficial forecast based on pessimistic economic and revenue projections.
- March Revenue Review Meeting Materials
- March Economic Review Meeting Materials