Revenue Collections – October

Every month we get a report on the amount of tax revenue collected over the previous month. We all put it in our teacups and swirl it around hoping to see some wisdom in it, but are usually denied any new wisdom. Compared to our prediction we are down about $20 million for the month, or 2%. This is based on a prediction made last month.

The economy does seem to be recovering in some kind of a global sense, though I believe that we will have a long, slow recovery. Our unemployment rate has tracked to rest of the nation (more unemployment) though it’s a little better than we thought when we left session.

You can read the report here: http://www.erfc.wa.gov/pubs/oct09.pdf

About the Author

Ross
I am the Director of the Department of Early Learning for Washington State. I formerly represented the 48th Legislative District in the State House of Representatives, chairing the Appropriations committee and spent many a year at Microsoft.