Here’s the latest installment of “Government Revenue Bubble,” courtesy of the Tacoma News-Tribune: Washington’s hot economy, still surging with a mighty assist from construction and real estate sales, will boost state income by more than $300 million, forecasters said Thursday. But in the same breath, economists warned of a slowdown, and Gov. Christine Gregoire and…
Tag: tax revenues
Real Estate Boom Beefs Up State Income
The real estate blitz is having a noticeable effect on state revenue: Washington state’s surging economy, driven by a continuing construction boom and red-hot real estate market, will pump an additional $493 million into state coffers, forecasters said today. The good news – the third quarterly revenue surge in a row – brings the state’s…