Wash. lawmakers to get revenue forecast update
Wednesday, February 15, 2012
OLYMPIA, Wash. (AP) -- State lawmakers are getting new guidance on how much they have to cut the state's budget.
A revenue forecast to be released Thursday will provide an outlook on the economy and how much money the government will collect. The Legislature is currently working to agree on cuts to the budget in order to keep it balanced.
Lawmakers had been looking at a $1 billion shortfall but got some good news earlier this week with information that fewer people than expected are relying on state services. That change is expected to save a few hundred million dollars. Republican Sen. Joe Zarelli says he thinks the revenue forecast will show another benefit of $200 million.