The latest state tax collections report published last week for the March 11th to April 10th period was $71.2 million or 3.3 percent lower than forecasted in February. The last period report saw collections down $42.6 million or 2.0 percent compared to the forecast.
Revenue act collections, which consist of the state’s sales, use, business and occupation, utility, and tobacco taxes were $52.7 million or 2.7 percent short of what was forecasted. The report also notes that Seattle-area inflation continues to increase and confirm employment growth remains weak.
In a separate monthly employment report published last week by the state Employment security Department, Washington also experienced a fourth straight month of growth in the rate of unemployment, rising from 5.1 percent in February from 4.6 percent in November 2025.