Washington Fiscal Statistics

StatisNostics/State Financials/Washington

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20122024

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State Revenue Analysis (Washington: 2012–2024)

Population: 6,896,325 → 7,785,786 (12.9% change)

Overall Revenue Trends

Total Revenue▲ 102.2%

$39,299,729,000 (2012)→$79,455,768,000 (2024)

Per Capita Revenue▲ 79.1%

$5,699 (2012)→$10,205 (2024)

Fund Balances▼ 100%

$16,061,920,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 6.3%

Major Tax Revenue

Property Tax▲ 143.2%

$1,897,095,000 (2012)→$4,614,073,000 (2024)

Sales Tax▲ 114.9%

$10,614,137,000 (2012)→$22,806,921,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Alcoholic Beverage License Tax▲ 520.9%

$33,912,000→$210,550,000

Local Intergovernmental Highways▲ 337.1%

$40,389,000→$176,533,000

Federal Intergovernmental Health & Hospitals▲ 335.1%

$743,813,000→$3,236,551,000

Declining/Slowest Growing Sources

Workers Compensation - Interest Earnings▼ 42.3%

$1,033,048,000→$595,813,000

Tobacco Sales Tax▼ 37.9%

$470,765,000→$292,272,000

Federal Intergovernmental Air Transportation▼ 17.5%

$937,000→$773,000

Revenue Forecast

Projected Revenue (Next Year)▲ 2.4%

Estimated: $81,348,464,451

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%

2024 Revenue Breakdown

Total General Sales Taxes28.7%

Federal Intergovernmental Public Welfare15.7%

Property Tax5.8%

Federal Intergovernmental Education4.9%

Federal Intergovernmental Health & Hospitals4.1%

Hospital Charges3.8%

Workers Compensation - Other Contributions3.6%

Higher Education Tuition Charges3.4%

Interest Earnings2.9%

Unemployment - Contribution2.6%

Other Selective Sales Taxes1.9%

Motor Fuels Sales Tax1.9%

Miscellaneous General Revenue Not Elsewhere Classified1.7%

Donations From Private Sources1.6%

Documentary & Stock Transfer Tax1.5%

Federal Intergovernmental Highways1.4%

Federal Intergovernmental Other1.3%

Motor Vehicle License1.3%

Higher Education Auxiliary Charges1.2%

Insurance Premium Tax1.1%

Public Utilities Tax1.0%

Workers Compensation - Interest Earnings0.7%

All Other Not Elsewhere Classified Charges0.7%

Alcoholic Beverage Sales Tax0.6%

Occupation & Business License Not Elsewhere Classified0.6%

Death & Gift Tax0.5%

Toll Highway Charges0.5%

Individual Income Tax0.4%

Net Lottery Revenue0.4%

Tobacco Sales Tax0.4%

Rents0.3%

Local Intergovernmental Education0.3%

Federal Intergovernmental Employment Security Administration0.3%

Alcoholic Beverage License Tax0.3%

Taxes Not Elsewhere Classified0.3%

Fines & Forfeits0.3%

Natural Resources Not Elsewhere Classified Charges0.2%

Other License Tax0.2%

Federal Intergovernmental Other Natural Resources0.2%

Local Intergovernmental Highways0.2%

Motor Vehicle Operators License0.2%

Federal Intergovernmental Housing & Community Development0.2%

Unemployment - Interest Revenue0.1%

Housing & Community Development Charges0.1%

Local Intergovernmental Other0.1%

Corporation License Tax0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Regular Highway Charges0.1%

Hunting & Fishing License0.1%

Local Intergovernmental Health & Hospitals0.1%

Severance Tax0.1%

Public Utility License Tax0.0%

Sale of Property0.0%

Amusement Tax0.0%

Amusement License Tax0.0%

Electric Utilities Revenue0.0%

Parks & Recreation Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Key Insights

1Total revenue increased by 102.2% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 12.9%, while per-capita revenue changed by 79.1%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Washington: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 226%

$15,383,008,000→$50,193,634,000

Per Capita Spending▲ 189%

$2,231→$6,447

Population Trends

Population Change▲ 12.9%

6,896,325 (2012)→7,785,786 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 26%

$346,014,000 (2012)→$436,853,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 55%

$650,230,000 (2012)→$1,005,771,000 (2024)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 127%

$397,416,000 (2012)→$903,343,000 (2024)

General Expenses▲ 401%

$424,833,000 (2012)→$2,126,348,000 (2024)

Washington Key Insights

1Per capita expenditures grew by 189%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 401%, which may indicate classification changes, new initiatives, or reporting adjustments
3Financial Administration was the fastest growing major expense category at 127% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 49%

$20,562,493,000 (2012)→$30,606,652,000 (2024)

Industrial Revenue Debt▼ 100%

$8,527,639,000 (2012)→$0 (2024)

Per Capita Debt▲ 32%

$2,982 (2012)→$3,931 (2024)

Population Trends

Population Change▲ 12.9%

6,896,325 (2012)→7,785,786 (2024)

Debt Management

Most Recent Year (2024)

Issued:$4,940,321,000

Retired:$3,912,974,000

Net Change:+$1,027,347,000

Debt Retirement Trend

$2,369,271,000 → $3,912,974,000▲ 65%

🔄 Significant change in retirement strategy detected

Key Insights

1There appears to be a significant shift in debt management strategy between 2012-2024, with a move toward higher debt levels.
2New debt issuance significantly increased the per-resident debt burden (up 32%).