Washington state projects to get $3.2 billion more in taxes as economy brightens amid COVID-19 recovery
Washington鈥檚 state tax collections are roaring back, with an estimated additional $3.2 billion projected through 2023 as parts of the economy brighten and people get vaccinated amid the COVID-19 pandemic.
That鈥檚 a big chunk of money for a state with a $53.3 billion, two-year state budget that funds schools, parks, prisons and other programs.
And it鈥檚 a startling turnaround since last spring, when the economy shut down as the COVID-19 outbreak took hold and a $9 billion shortfall emerged, sparking predictions ranging from another Great Recession to something closer to a depression.
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