Economic and Revenue Forecast Council meeting of 8/7/2026
Economic and Revenue Forecast Council · August 7, 2026
The Economic and Revenue Forecast Council received updated August 2026 economic and revenue forecasts that will inform the mayor's proposed biennial budget; staff recommended a baseline scenario and the council recorded concurrence by unanimous no-objection. Presentations highlighted Seattle job declines, sales-tax gains driven by recent legislation, and downside risks from higher oil prices and potential recession.
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