State budget forecast shows shortfall

CHENEY – Washington State's revenue is projected to drop by $526 million for the 2023-25 biennium compared to earlier forecasts, raising concerns about funding for public programs, including education.

At the Cheney School Board meeting on Oct. 9, Superintendent Ben Ferney discussed the state's financial situation, citing a September update from the Office of Financial Management. He said projected revenue for 2025-27 is expected to fall short by $110 million.

"We will face significant challenges in meeting all our obligations in our next budget," said Pat Sullivan, Director of OFM, in a state...

 

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