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Revenue forecast drops slightly

Post by Jordan Schrader / The News Tribune on Nov. 17, 2011 at 10:57 am | No Comments »
November 17, 2011 12:10 pm

The Legislature will have to tackle a $1.4 billion budget shortfall.

That number ticked up ever so slightly this morning after state economist Arun Raha lowered Washington’s revenue forecast by $122 million.

In total, he expects $30.2 billion in general-fund revenue in the 2011-13 budget period we are in now.

That’s up from $28.2 billion in the last period, but it’s still short of the $31.7 billion lawmakers budgeted this winter to be spent.

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