OLYMPIA, Wash. — Washington’s projected Near General Fund revenue collections through 2029 have dropped by about $903 million compared with the June forecast, according to estimates released Tuesday by the state Economic and Revenue Forecast Council.

The decline stems from weaker taxable sales in retail and construction, lower state agency revenues and reduced real estate excise tax collections, the council said.

Gov. Bob Ferguson said his budget team had been bracing for weaker numbers.

“Today’s forecast is disappointing, but not surprising,” Ferguson said in a statement. “Unfortunately, we are also grappling with the impacts of President Trump’s Big Betrayal Bill, which includes billions in cuts to Washington state for programs such as Medicaid and food for hungry kids. Approximately

See Full Page