WSU is advancing Washington industries …
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WSU partners to develop bioproducts that reduce dependence on petroleum imports …
WSU works with state commodity commissions to conduct needed agricultural research …
WSU developed the technology used for wood-plastic composites used for buildings …
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WSU research has made Washington one of the world’s most productive wheat-growing regions …

In the News

Update on state budget – important for supplemental budget considerations

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In getting ready for the legislative session to begin on January 13, 2014, the state of Washington’s Economic Revenue Forecast report shows that lawmakers may have additional dollars available for the supplemental session than what was originally forecast. The next revenue forecast is due towards the end of November and will inform the Governor’s proposed supplemental budget that will then be reviewed by both the state House and Senate as they work on their own

Newsbeat – WSU Government Relations

The Economic Revenue Forecast Council reports today that tax collections were $26.7 million higher for the Oct. 11 – Nov. 10 collection period than forecasted in September.

That’s after earlier-than expected property tax payments, $21.7 million, of the collection total are backed out. A commensurate reduction is expected to be reflected in future collection reports.

The bottom line is that cumulative collections since the September forecast now total $51.8 million, or 2.2 percent, above the forecast once the early property tax payment and other large one-time payments are excluded.

The report also finds that the net increase of jobs for September was 2,200, or 0.1 percent, showing higher than expected growth in private service-providing employment and government employment. Aerospace employment in Washington was down 1,300 jobs since reaching its peak in Nov. 2012.

Little change is expected for housing construction in the third quarter after a dramatic drop from 36,000 building permits in the first quarter to 27,700 in the second. The Council reports that though new home construction has slowed, regional home prices continue to rise rapidly.

The next revenue forecast is due Nov. 20. The next caseload demand for state services is due Thursday. The governor will use both forecasts to construct his proposed 2014 supplemental budget. The regular session is scheduled to begin Jan. 13.

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