And the state budget news is, yes, bad…
In minutes, the state Economic and Revenue Forecast Council will predict that general fund revenue will be down $529 million for the remainder of this biennium and the next one.
Gov. Chris Gregoire will tell her budget office to find an additional $200 million in savings “without affecting vital programs.”
State revenue for the current 2007-2009 biennium is now expected to be $273 million lower than expected just a few months ago. For 2009-2011, the decrease is projected to be $256 million.
* This story was originally published as a post from the blog "Eye On Olympia." Read all stories from this blog