OLYMPIA – State Senator Christine Rolfes (D-Bainbridge Island), chair of the Senate Ways & Means Committee, released this statement following today’s Economic and Revenue Forecast Council meeting:
“Washington’s diverse economy is showing signs of resilience. While we will still face many challenges ahead, there are some extremely positive signals for our state’s financial picture in this forecast and it represents an enormous step in shoring up our state’s projected budget deficit.
“Thanks to action by lawmakers to hold $3 billion in reserves and difficult decisions made earlier this year by the governor to veto legislation and reduce spending, we have a stronger foundation than most states upon which to rebuild. As we continue to support the critical work to address the pandemic, this forecast will help guide us as we prepare to write the state’s 2021-23 biennial budget.
“We know that many households and businesses in our state are struggling and anxious about their own economic futures. That’s why it’s more important than ever to begin to identify bipartisan solutions at the state level. It’s also why it’s critical for Congress to act responsibly and provide timely financial support for state and local governments.
“Our state’s economic challenges will require creative, thoughtful decisions that keep our overarching goals of opportunity, prosperity and equity in mind as we put all options on the table to deliver a sustained recovery for everyone in Washington state.”