October 2, 2009 in City
Slow recovery forecast for state
Economist says recession over, repercussions not
OLYMPIA – The good news for the state is that the recession is pretty much over. The bad news: It won’t seem like the recession is over until the middle of next year.
That was the assessment Thursday that Arun Raha, the state’s chief economist, gave the Senate Ways and Means Committee.
The panel, as well as all other House and Senate committees, are gathering in Olympia this week to hear what’s happening with the legislation they passed this year and get a preview of what they’ll face next.
What they’ll face is a budget that’s more than $1.2 billion …
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