2018 Supplemental budgets and revenue

UPDATE: See our budget analysis here. 

On Thursday, February 15, the Economic and Revenue Forecast Council provided some great news for the budget writers. The council is forecasting the following state general fund revenue increases:

• $647 million increase for 2017-19 biennium – For total revenues of $44.213 billion; and
• $671 million increase for 2019-21 biennium – For total revenues of $48.253 billion.

The positive revenue forecast provides the Legislature room to make adjustments to the current biennial budget that addresses state priorities. This does not mean that the additional revenue will make the legislative process any easier, but allows them to address the pressing needs of the McCleary decision and the state’s mental health mandate.

The Senate is expected to release their supplemental operating budget on Monday, February 19. 

The following hearings are scheduled:

• Senate Capital Budget, SB 6095, Monday, February 19
• Senate Operating Budget, SB 6032, Tuesday, February 20
• House Operating Budget, HB 2299, Tuesday, February 20
• House Capital Budget, HB 2395, Thursday, February 22

Check back for details on the AWC advocacy webpage. We will provide city impacts when the information becomes available.