Capital gains tax surge eases but doesn’t solve WA budget woes

By: Jerry Cornfield

Outlets: Washington State Standard

Published: June 26, 2026

Words: 777

Last Updated: 3 weeks, 1 day ago

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A windfall of capital gains tax payments is providing temporary relief for Washington’s budget, but other collections are down, and lawmakers still expect to face financial difficulties next year.

A revenue forecast released Friday shows Washington hauled in $1.5 billion from the capital gains tax. Those collections are roughly twice what was expected in February. They offset a $423 million drop from other tax sources since the forecast adopted by the Economic and Revenue Forecast …

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