City Budget Office Releases Updated Economic Forecast Showing Projected Recovery, and Growth for 2021 and 2022
SEATTLE (April 19, 2021) – This week, the City Budget Office shared an updated economic forecast, revised revenue estimates for 2021 and its initial estimates of potential 2022 General Fund Revenues. The City Budget Office update now estimates $1.59 billion in 2021 General Fund revenues, an increase of $20.3 million from the previous November 2020 forecast and $1.63 billion in 2022. The 2021 forecast includes $5.7 million in additional Business & Occupation Tax and $4.7 million in Sales… [ Keep reading ]