ERC forecasts modest near-term growth, flags tariffs and weak employment in Washington
Economic Revenue Forecast Council told House Finance the current biennium is $105 million ahead in the November forecast while the next biennium is $185 million behind; tariffs, weak employment, and elevated inflation are key risks to the state outlook.
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Dave Reich, executive director of the Economic Revenue Forecast Council, told the House Finance Committee on Jan. 13 that the council’s November forecast shows state revenues up by $105 million in the current biennium but down $185 million in the next biennium.
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