Washington Fiscal Statistics

StatisNostics/State Financials/Washington

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20122021

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State Revenue Analysis (Washington: 2012–2021)

Population: 6,896,325 → 7,614,893 (10.4% change)

Overall Revenue Trends

Total Revenue▲ 72.9%

$39,299,729,000 (2012)→$67,934,890,000 (2021)

Per Capita Revenue▲ 56.5%

$5,699 (2012)→$8,921 (2021)

Fund Balances▲ 62.6%

$16,061,920,000 (2012)→$26,122,182,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 6.6%

Major Tax Revenue

Property Tax▲ 129.3%

$1,897,095,000 (2012)→$4,350,245,000 (2021)

Sales Tax▲ 79.5%

$10,614,137,000 (2012)→$19,056,609,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Alcoholic Beverage License Tax▲ 530.9%

$33,912,000→$213,953,000

Housing & Community Development Charges▲ 412.3%

$28,280,000→$144,866,000

Documentary & Stock Transfer Tax▲ 330.6%

$420,464,000→$1,810,495,000

Declining/Slowest Growing Sources

Federal Intergovernmental Air Transportation▼ 73.0%

$937,000→$253,000

Parimutuels Tax▼ 49.1%

$1,734,000→$883,000

Unemployment - Interest Revenue▼ 40.4%

$77,648,000→$46,305,000

Revenue Forecast

Projected Revenue (Next Year)▲ 10.8%

Estimated: $75,300,030,711

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Total General Sales Taxes28.1%

Federal Intergovernmental Public Welfare16.6%

Property Tax6.4%

Federal Intergovernmental Health & Hospitals4.6%

Federal Intergovernmental Education4.4%

Higher Education Tuition Charges3.6%

Workers Compensation - Other Contributions3.4%

Hospital Charges3.2%

Federal Intergovernmental Other2.7%

Documentary & Stock Transfer Tax2.7%

Motor Fuels Sales Tax2.2%

Unemployment - Contribution2.1%

Other Selective Sales Taxes1.9%

Miscellaneous General Revenue Not Elsewhere Classified1.5%

Motor Vehicle License1.5%

Donations From Private Sources1.3%

Federal Intergovernmental Highways1.3%

Workers Compensation - Interest Earnings1.2%

Interest Earnings1.1%

Insurance Premium Tax1.0%

Public Utilities Tax0.9%

All Other Not Elsewhere Classified Charges0.7%

Alcoholic Beverage Sales Tax0.7%

Higher Education Auxiliary Charges0.7%

Occupation & Business License Not Elsewhere Classified0.6%

Tobacco Sales Tax0.6%

Death & Gift Tax0.5%

Federal Intergovernmental Employment Security Administration0.5%

Toll Highway Charges0.4%

Net Lottery Revenue0.4%

Local Intergovernmental Education0.4%

Rents0.3%

Alcoholic Beverage License Tax0.3%

Other License Tax0.2%

Housing & Community Development Charges0.2%

Federal Intergovernmental Other Natural Resources0.2%

Fines & Forfeits0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Motor Vehicle Operators License0.2%

Local Intergovernmental Other0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Local Intergovernmental Highways0.1%

Corporation License Tax0.1%

Hunting & Fishing License0.1%

Unemployment - Interest Revenue0.1%

Severance Tax0.1%

Regular Highway Charges0.1%

Federal Intergovernmental Housing & Community Development0.1%

Local Intergovernmental Health & Hospitals0.0%

Public Utility License Tax0.0%

Sale of Property0.0%

Amusement License Tax0.0%

Parks & Recreation Charges0.0%

Parimutuels Tax0.0%

Amusement Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Taxes Not Elsewhere Classified0.0%

Key Insights

1Total revenue increased by 72.9% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by 10.4%, while per-capita revenue changed by 56.5%.
3The state's fund balances increased by 62.6%, suggesting improved fiscal health.

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State Expense Analysis (Washington: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 52%

$15,383,008,000→$23,411,486,000

Per Capita Spending▲ 38%

$2,231→$3,074

Population Trends

Population Change▲ 10.4%

6,896,325 (2012)→7,614,893 (2021)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▼ 6%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 23%

$0 (2012)→$0 (2021)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▼ 7%

$0 (2012)→$0 (2021)

General Expenses▲ 64%

$0 (2012)→$0 (2021)

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 15%

$20,562,493,000 (2012)→$23,616,700,000 (2021)

Industrial Revenue Debt▼ 23%

$8,527,639,000 (2012)→$6,589,902,000 (2021)

Per Capita Debt▲ 4%

$2,982 (2012)→$3,101 (2021)

Population Trends

Population Change▲ 10.4%

6,896,325 (2012)→7,614,893 (2021)

Debt Management

Most Recent Year (2021)

Issued:$2,844,530,000

Retired:$2,224,536,000

Net Change:+$619,994,000

Debt Retirement Trend

$2,369,271,000 → $2,224,536,000▼ 6%