State tax revenue since the pre-Great Recession peak has grown by more in Washington than in any other state

By: Emily Makings
2:24 pm
July 29, 2021

According to the Urban Institute’s Tax Policy Center, state tax revenue in Washington grew by 13.9% from the fourth quarter of 2019 to the fourth quarter of 2020. That was the fourth highest growth in the country, and well above the average growth in the U.S. of 6.0%.

Comparing the pandemic period of April–December 2020 with the same period in 2019, state tax revenues grew by 2.6% in Washington—the 7th highest in the country. The average growth in the U.S. was negative 2.2%.

Pew adds data on the changes in state tax revenue from the pre-Great Recession peak. As shown in the chart below, Washington’s revenue growth has outpaced the nation since 2015. Our growth since 2008 (39.4%) is now the highest in the country.

Categories: Economy , Tax Policy.