Revenue forecast is down another $780 million State revenue forecaster Arun Raha said today that state revenues are lower through June 2013 than he predicted last November, in effect widening the state's $3.6 billion to $5.5 billion budget shortfall. Raha is releasing his latest quarterly report at noon that shows a $79.8 million drop in revenues expected by June and $698 million through June 2013. The report will be posted here. Raha's recent monthly tax-collections report is here. "The economic outlook remains cloudy with a great deal of uncertainty," Raha's presentation began. He mentioned oil price volatility tied to Mideast unrest and now the impact of the earthquakes and tsunami in Japan. Read more: http://www.theolympian.com/2011/03/17/1582624/revenue-forecast-is-down-another.html#ixzz1GtAD6DEN The House and Senate will likely publish their budget proposals next week. When they do they will hold public hearings right away. If at all possible, try to be prepared to come to Olympia and testify. With a bigger deficit and 70% of the budget untouchable human services are where they look to cut. Watch for an email letting you know the budgets have been released!

State revenue forecaster Arun Raha said today that state revenues are lower through June 2013 than he predicted last November, in effect widening the state's $3.6 billion to $5.5 billion budget shortfall.
Raha is releasing his latest quarterly report at noon that shows a $79.8 million drop in revenues expected by June and $698 million through June 2013. The report will be posted here. Raha's recent monthly tax-collections report is here. "The economic outlook remains cloudy with a great deal of uncertainty," Raha's presentation began. He mentioned oil price volatility tied to Mideast unrest and now the impact of the earthquakes and tsunami in Japan.
Read more: http://www.theolympian.com/2011/03/17/1582624/revenue-forecast-is-down-another.html#ixzz1GtAD6DEN

The House and Senate will likely publish their budget proposals next week. When they do they will hold public hearings right away. If at all possible, try to be prepared to come to Olympia and testify. With a bigger deficit and 70% of the budget untouchable human services are where they look to cut. Watch for an email letting you know the budgets have been released!