Washington Fiscal Statistics

StatisNostics/State Financials/Washington

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20122023

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State Revenue Analysis (Washington: 2012–2023)

Population: 6,896,325 → 7,738,692 (12.2% change)

Overall Revenue Trends

Total Revenue▲ 101.9%

$39,299,729,000 (2012)→$79,326,790,000 (2023)

Per Capita Revenue▲ 79.9%

$5,699 (2012)→$10,251 (2023)

Fund Balances▼ 100%

$16,061,920,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 6.9%

Major Tax Revenue

Property Tax▲ 136.4%

$1,897,095,000 (2012)→$4,484,192,000 (2023)

Sales Tax▲ 115%

$10,614,137,000 (2012)→$22,815,409,000 (2023)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Death & Gift Tax▲ 716.2%

$104,592,000→$853,634,000

Alcoholic Beverage License Tax▲ 506.0%

$33,912,000→$205,496,000

Federal Intergovernmental Health & Hospitals▲ 449.9%

$743,813,000→$4,089,942,000

Declining/Slowest Growing Sources

Workers Compensation - Interest Earnings▼ 38.4%

$1,033,048,000→$636,430,000

Tobacco Sales Tax▼ 30.0%

$470,765,000→$329,320,000

Unemployment - Interest Revenue▼ 29.6%

$77,648,000→$54,685,000

Revenue Forecast

Projected Revenue (Next Year)▲ 8.1%

Estimated: $85,765,584,980

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Total General Sales Taxes27.0%

Federal Intergovernmental Public Welfare11.9%

Federal Intergovernmental Education6.3%

Property Tax4.8%

Workers Compensation - Other Contributions4.8%

Higher Education Tuition Charges4.5%

Unemployment - Contribution3.7%

Motor Fuels Sales Tax3.0%

Hospital Charges2.8%

Workers Compensation - Interest Earnings2.6%

Federal Intergovernmental Highways2.3%

Federal Intergovernmental Health & Hospitals1.9%

Interest Earnings1.8%

Other Selective Sales Taxes1.7%

Liquor Stores Revenue1.6%

Donations From Private Sources1.4%

Higher Education Auxiliary Charges1.3%

Federal Intergovernmental Other1.2%

Motor Vehicle License1.2%

Tobacco Sales Tax1.2%

Miscellaneous General Revenue Not Elsewhere Classified1.2%

Public Utilities Tax1.2%

Insurance Premium Tax1.1%

Documentary & Stock Transfer Tax1.1%

All Other Not Elsewhere Classified Charges1.0%

Alcoholic Beverage Sales Tax0.9%

Federal Intergovernmental Employment Security Administration0.7%

Occupation & Business License Not Elsewhere Classified0.6%

Toll Highway Charges0.6%

Rents0.6%

Net Lottery Revenue0.5%

Fines & Forfeits0.4%

Federal Intergovernmental Other Natural Resources0.4%

Local Intergovernmental Education0.4%

Natural Resources Not Elsewhere Classified Charges0.4%

Death & Gift Tax0.3%

Unemployment - Interest Revenue0.2%

Other License Tax0.2%

Motor Vehicle Operators License0.2%

Federal Intergovernmental Housing & Community Development0.2%

Education Other State Charges Not Elsewhere Classified0.1%

Hunting & Fishing License0.1%

Local Intergovernmental Highways0.1%

Severance Tax0.1%

Alcoholic Beverage License Tax0.1%

Local Intergovernmental Other0.1%

Corporation License Tax0.1%

Regular Highway Charges0.1%

Housing & Community Development Charges0.1%

Local Intergovernmental Health & Hospitals0.1%

Public Utility License Tax0.0%

Sale of Property0.0%

Amusement License Tax0.0%

Parks & Recreation Charges0.0%

Parimutuels Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Air Transportation Charges0.0%

2023 Revenue Breakdown

Total General Sales Taxes28.8%

Federal Intergovernmental Public Welfare16.6%

Property Tax5.7%

Federal Intergovernmental Education5.5%

Federal Intergovernmental Health & Hospitals5.2%

Workers Compensation - Other Contributions3.4%

Higher Education Tuition Charges3.3%

Hospital Charges3.2%

Unemployment - Contribution2.2%

Motor Fuels Sales Tax2.0%

Interest Earnings1.9%

Documentary & Stock Transfer Tax1.7%

Other Selective Sales Taxes1.5%

Donations From Private Sources1.5%

Federal Intergovernmental Highways1.3%

Federal Intergovernmental Other1.2%

Motor Vehicle License1.2%

Miscellaneous General Revenue Not Elsewhere Classified1.2%

Higher Education Auxiliary Charges1.1%

Death & Gift Tax1.1%

Insurance Premium Tax1.1%

Individual Income Tax1.1%

Public Utilities Tax1.1%

Workers Compensation - Interest Earnings0.8%

All Other Not Elsewhere Classified Charges0.6%

Alcoholic Beverage Sales Tax0.6%

Occupation & Business License Not Elsewhere Classified0.6%

Toll Highway Charges0.4%

Tobacco Sales Tax0.4%

Net Lottery Revenue0.4%

Rents0.3%

Federal Intergovernmental Employment Security Administration0.3%

Fines & Forfeits0.3%

Local Intergovernmental Education0.3%

Alcoholic Beverage License Tax0.3%

Taxes Not Elsewhere Classified0.2%

Other License Tax0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Federal Intergovernmental Other Natural Resources0.2%

Motor Vehicle Operators License0.2%

Federal Intergovernmental Housing & Community Development0.1%

Local Intergovernmental Highways0.1%

Housing & Community Development Charges0.1%

Regular Highway Charges0.1%

Corporation License Tax0.1%

Unemployment - Interest Revenue0.1%

Local Intergovernmental Other0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Hunting & Fishing License0.1%

Severance Tax0.1%

Local Intergovernmental Health & Hospitals0.1%

Public Utility License Tax0.0%

Sale of Property0.0%

Amusement License Tax0.0%

Amusement Tax0.0%

Electric Utilities Revenue0.0%

Parks & Recreation Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Key Insights

1Total revenue increased by 101.9% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by 12.2%, while per-capita revenue changed by 79.9%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Washington: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 200%

$15,383,008,000→$46,179,731,000

Per Capita Spending▲ 168%

$2,231→$5,967

Population Trends

Population Change▲ 12.2%

6,896,325 (2012)→7,738,692 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 13%

$346,014,000 (2012)→$392,573,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 66%

$650,230,000 (2012)→$1,080,274,000 (2023)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 66%

$397,416,000 (2012)→$660,813,000 (2023)

General Expenses▲ 178%

$424,833,000 (2012)→$1,181,540,000 (2023)

Washington Key Insights

1Per capita expenditures grew by 168%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 178%, which may indicate classification changes, new initiatives, or reporting adjustments

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 19%

$20,562,493,000 (2012)→$24,496,145,000 (2023)

Industrial Revenue Debt▼ 100%

$8,527,639,000 (2012)→$0 (2023)

Per Capita Debt▲ 6%

$2,982 (2012)→$3,165 (2023)

Population Trends

Population Change▲ 12.2%

6,896,325 (2012)→7,738,692 (2023)

Debt Management

Most Recent Year (2023)

Issued:$3,076,708,000

Retired:$2,930,959,000

Net Change:+$145,749,000

Debt Retirement Trend

$2,369,271,000 → $2,930,959,000▲ 24%