State quarterly tax revenue $65M more than forecast

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The Washington tax system collected $65 million more during the past month than the June quarterly forecast had predicted, according to the latest monthly collections report issued Wednesday by the Economic and Revenue Forecast Council. It covered the period from Aug. 11 to Sept. 10.

That new gain comes on the heels of other higher than expected general-fund collections since the June forecast, bringing the net windfall to about $116.1 million. The June forecast was used to build the two-year state operating budget for 2013-15.

Gov. Jay Inslee signed that $33.5 billion two-year operating budget into law on June 30.

The next quarterly revenue forecast is scheduled for release next week — at 10 a.m. Sept. 18.