Today’s of the November general fund state revenue indicates that current biennial revenue is slightly down from September’s projection. The decline is largely due to a聽technical adjustment which resulted in a $41 million decrease of available funding this biennium, though collections for the current biennium are $16 million over聽prior projections. The net decrease in November’s revenue forecast聽is $24 million less than the September revenue .
In other words,聽new revenue and聽an offsetting聽technical adjustment give Governor Inslee a $32.98 million general fund target for his supplemental operating budget, expected in December.
This forecast, once again, does not contemplate any tax revenue associated with the impending sale of cannabis.