Legislature increases general fund spending by more than $5 billion

Mar 17, 2022
Written by WR Communications

The Supplemental Budget approved by the Legislature and sent to Governor Inslee for approval increases general fund spending in the current biennium to $64 billion, an increase of $5 billion over the budget approved in April 2021. The final budget increases state spending by an astounding 24% over the previous biennium and by more than 50% since 2017.

The spending growth is fueled by stronger than expected tax collections. The Legislature dedicates more than 80% of these unexpected revenues towards new spending programs instead of dedicating these revenues to bolster state reserves. The final budget only maintains $821 million, or 2.8% of the budget, in reserves.