An improving economy has contributed to increased state revenue collections, as shown by the February 20 revenue forecast. That’s how it’s supposed to work. What may be more surprising, as the Washington Research Council reports, is that the growth here is stronger than what we see across the country.
The WRC cites research published by the Urban Institute/Brookings Institution Tax Policy Center looking at fiscal years 2013-2017 and compares national performance with our state. They conclude that
Washington’s revenue growth exceeds the nationwide average in each of the five years. Who’d a thunk our creaky old tax system would stack up so well?