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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 it onto President Nixon's enemies list in the 1970s!). Most recently, he's the author of "Jack Kemp: The Bleeding-Heart Conservative Who Changed America," which will be available for sale and signing. Mr. Kondracke will speak on the most relevant of topics: the 2016 presidential election. You won't want to miss his incisive take on the state of American politics.

Here are the details:

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.

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 at $33,666.0 million. The forecast for 2017–19 was increased by $29.6 million to $40,567.5 million.

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:

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.

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:

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:

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):

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 preliminary estimate of May's seasonally adjusted unemployment rate for the state is 5.4 percent. The estimate of April’s unemployment rate is unchanged at 5.5 percent.

Boeing releases its annual Current Market Outlook

Boeing has posted its annual Current Market Outlook, covering the twenty-year period from 2015 through 2034. Over the period, Boeing predicts that the world-wide customers will demand 38,080 new commercial airplanes. Of these, 37,130 will be passenger airplanes and 920 will be freighters. (In addition, the company projects that 1,420 passenger aircraft will be converted to freighters during this period.) The value of the new airplanes is $5.6 trillion at 2014 list prices.

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