WRC Annual Dinner: May 23 in Bellevue
You’re invited to join us at our Annual Dinner on Tuesday, May 23, at the Meydenbauer Center in Bellevue. Our guest speaker is Ian Toner, Chief Investment Officer of Verus Investments, whose topic will be “Working Without A Map? How Phase-Shift Changes in Politics, Markets, and Economies Might Impact Our Future.” Here are the details: […]
March 15 , 2016 - Mary Strow
Morton Kondracke to speak on the 2016 presidential election at the WRC Annual Dinner May 19 in Bellevue!
We've got a great guest for our 84th Annual Dinner on May 19: Morton Kondracke, known to many from his years on TV's iconic The McLaughlin Group and for his work as a journalist, columnist and commentator at the Chicago Sun-Times, The New Republic, Newsweek, Roll Call and Fox News…just to name a few (he even made […]
November 19 , 2015 - Kriss Sjoblom
Preliminary estimate: state added 6,900 jobs from September to October
The state Employment Security Department issued its employment report for October yesterday. The preliminary estimate is that seasonally-adjusted employment in Washington increased by 6,900 from September to October. The estimate of August to September job decline was revised to a loss of 1,400 jobs from the loss of 2,200 jobs previously announced. In addition, benchmarking, […]
November 19 , 2015 - Kriss Sjoblom
2015-17 General Fund-State revenue forecast increased by $113.4 million
The state Economic and Revenue Forecast Council held its quarterly meeting today. The forecast of general fund–state (GF–S) revenue for the current biennium (2015–17) increased by $113.4 to $37,204.4 million from the $37,091.0 million that had been forecasted in September. The estimate of GF–S collections for 2013–15 was decreased by $1.5 million, to $33,664.5 million was unchanged […]
November 11 , 2015 - Kriss Sjoblom
October 11 to November 10 state revenue collections were $16.1 million greater than forecasted
The Economic and Revenue Forecast Council issued its monthly Economic and Revenue Update this afternoon. Here are the key bullets on revenue from the summary: Major General Fund-State revenue collections for the October 11 – November 10, 2015 collection period came in $16.1 million (1.1%) above the September forecast. Cumulatively, collections are now $43.9 million (1.7%) higher […]
September 25 , 2015 - Emily Makings
Taxes, the M's, and a Yogi-ism
A Forbes contributor wrote the other day about the various tax cases that have quoted Yogi Berra, who died this week. One of the cases he cites is Frank Ruano and John Scannell v State of Washington, King County, and Ralph Munro. In that case, in 1996, the Washington Supreme Court dismissed challenges to legislation […]
August 12 , 2015 - Kriss Sjoblom
July 11 to August 10 state revenue collections were $107.5 million greater than forecasted
Yesterday afternoon the Economic and Revenue Forecast Council issued its monthly Economic and Revenue Update. It was spectacular month for state revenue collections. State economists, however, caution against reading too much into this one report. Here are the key bullets on revenue from the summary: Major General Fund-State revenue collections for the July 11 – […]
July 13 , 2015 - Kriss Sjoblom
June 11 to July 10 state revenue collections were $20.6 million greater than forecasted
This afternoon the Economic and Revenue Forecast Council issued its monthly Economic and Revenue Update. Here are the key bullets on revenue from the summary: Major General Fund-State revenue collections for the June 11 – July 10, 2015 collection period came in $20.6 million (1.5%) above the June forecast. During the collection period, there were […]
June 25 , 2015 - Kriss Sjoblom
Senator Hill introduces tax exemption bill
Sen. Andy Hill introduced a new revenue bill yesterday(SB 6138). Three elements of the bill are in common with the most recent House revenue proposal (PSHB 2269, which we discussed here): Extend economic nexus to wholesaling Increase the B&O tax rate for royalty income from 0.484% to 1.5% Require local governments to provide information on […]
June 18 , 2015 - Kriss Sjoblom
May employment report shows the state added 7,700 jobs from April to May
The state Employment Security Department issued its employment report for May yesterday. The preliminary estimate is that seasonally adjusted employment in Washington increased by 7,700 from April to May. The estimate of March to April job growth was revised down to a gain of 7,800 jobs from the gain of 8,200 jobs previously announced. The […]