
Washington WA
"The Evergreen State"
Ancient rainforests and volcanic peaks. The world's two largest tech companies. Sixty percent of America's apples. The eruption that blew a mountain apart. Boeing, Starbucks, Amazon, and the salmon that have shaped this land for ten thousand years. Washington is where the Pacific meets the continent, and where the future has been built more than once.
Washington state finances at a glance
State Debt - FY2024
Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.
Tax Revenue - FY2024
Total Washington state tax collections in fiscal 2024. Washington has no general income tax, so collections are led by the state sales and use tax ($23B) and the business and occupation gross receipts tax, plus a newer tax on large capital gains.
Borrowing
Washington issues general obligation bonds backed by its full faith and credit, sold to investors in the municipal bond market, along with motor vehicle fuel tax bonds for transportation. The state constitution caps how much it can spend on debt service as a share of general revenues. The state reported about $1.2 billion in interest on its debt in fiscal 2024.
Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.

