November 19, 2010

Another gloomy state revenue forecast

By Office of State Relations

Officials are now saying the state is expected to take in $1.2 billion less in tax revenue than projected between now and June 2013, according to The Seattle Times. (Read the article.)

Gov. Chris Gregoire said that would mean a loss of $385 million for the current biennium. She added in a prepared statement that “the Legislature will need to act quickly” to address the situation.

According to The Times,¬†Gregoire’s office said she wants to hear from legislative leaders to see if there’s any chance for quick agreement on a solution before deciding on a possible special session.

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