Washington Fiscal Statistics

StatisNostics/State Financials/Washington

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20122022

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State Revenue Analysis (Washington: 2012–2022)

Population: 6,896,325 → 7,693,612 (11.6% change)

Overall Revenue Trends

Total Revenue▲ 93%

$39,299,729,000 (2012)→$75,837,100,000 (2022)

Per Capita Revenue▲ 73%

$5,699 (2012)→$9,857 (2022)

Fund Balances▼ 100%

$16,061,920,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 7.1%

Major Tax Revenue

Property Tax▲ 131.9%

$1,897,095,000 (2012)→$4,399,803,000 (2022)

Sales Tax▲ 102.3%

$10,614,137,000 (2012)→$21,477,182,000 (2022)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 500.6%

$743,813,000→$4,467,500,000

Alcoholic Beverage License Tax▲ 499.1%

$33,912,000→$203,169,000

Documentary & Stock Transfer Tax▲ 487.1%

$420,464,000→$2,468,426,000

Declining/Slowest Growing Sources

Federal Intergovernmental Air Transportation▼ 60.4%

$937,000→$371,000

Unemployment - Interest Revenue▼ 56.9%

$77,648,000→$33,497,000

Workers Compensation - Interest Earnings▼ 41.1%

$1,033,048,000→$608,148,000

Revenue Forecast

Projected Revenue (Next Year)▲ 13%

Estimated: $85,677,122,664

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%

2022 Revenue Breakdown

Total General Sales Taxes28.3%

Federal Intergovernmental Public Welfare16.1%

Federal Intergovernmental Education5.9%

Federal Intergovernmental Health & Hospitals5.9%

Property Tax5.8%

Documentary & Stock Transfer Tax3.3%

Workers Compensation - Other Contributions3.2%

Hospital Charges3.2%

Higher Education Tuition Charges3.2%

Unemployment - Contribution2.9%

Motor Fuels Sales Tax2.1%

Federal Intergovernmental Other1.8%

Other Selective Sales Taxes1.7%

Miscellaneous General Revenue Not Elsewhere Classified1.3%

Donations From Private Sources1.2%

Federal Intergovernmental Highways1.2%

Higher Education Auxiliary Charges1.2%

Motor Vehicle License1.1%

Insurance Premium Tax1.1%

Public Utilities Tax1.0%

Interest Earnings0.8%

Workers Compensation - Interest Earnings0.8%

All Other Not Elsewhere Classified Charges0.7%

Alcoholic Beverage Sales Tax0.6%

Occupation & Business License Not Elsewhere Classified0.6%

Death & Gift Tax0.5%

Tobacco Sales Tax0.5%

Toll Highway Charges0.4%

Federal Intergovernmental Employment Security Administration0.4%

Rents0.3%

Net Lottery Revenue0.3%

Local Intergovernmental Education0.3%

Alcoholic Beverage License Tax0.3%

Other License Tax0.2%

Federal Intergovernmental Other Natural Resources0.2%

Taxes Not Elsewhere Classified0.2%

Housing & Community Development Charges0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Fines & Forfeits0.2%

Motor Vehicle Operators License0.2%

Education Other State Charges Not Elsewhere Classified0.1%

Federal Intergovernmental Housing & Community Development0.1%

Corporation License Tax0.1%

Local Intergovernmental Highways0.1%

Local Intergovernmental Other0.1%

Regular Highway Charges0.1%

Hunting & Fishing License0.1%

Severance Tax0.1%

Local Intergovernmental Health & Hospitals0.0%

Unemployment - Interest Revenue0.0%

Sale of Property0.0%

Public Utility License Tax0.0%

Amusement License Tax0.0%

Amusement Tax0.0%

Parks & Recreation Charges0.0%

Parimutuels Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Key Insights

1Total revenue increased by 93% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 11.6%, while per-capita revenue changed by 73.0%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Washington: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 169%

$15,383,008,000→$41,374,638,000

Per Capita Spending▲ 141%

$2,231→$5,378

Population Trends

Population Change▲ 11.6%

6,896,325 (2012)→7,693,612 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 2%

$346,014,000 (2012)→$351,997,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 41%

$650,230,000 (2012)→$918,287,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2022)

Administrative Expenses

Financial Administration▲ 22%

$397,416,000 (2012)→$486,055,000 (2022)

General Expenses▲ 161%

$424,833,000 (2012)→$1,106,738,000 (2022)

Washington Key Insights

1Per capita expenditures grew by 141%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 161%, which may indicate classification changes, new initiatives, or reporting adjustments

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 43%

$20,562,493,000 (2012)→$29,454,643,000 (2022)

Industrial Revenue Debt▼ 100%

$8,527,639,000 (2012)→$0 (2022)

Per Capita Debt▲ 28%

$2,982 (2012)→$3,828 (2022)

Population Trends

Population Change▲ 11.6%

6,896,325 (2012)→7,693,612 (2022)

Debt Management

Most Recent Year (2022)

Issued:$3,801,207,000

Retired:$3,817,736,000

Net Change:$-16,529,000

Debt Retirement Trend

$2,369,271,000 → $3,817,736,000▲ 61%

🔄 Significant change in retirement strategy detected

Key Insights

1There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.