Thursday, June 16, 2011

2009-11 budget balanced for a day

That didn't take long. The 2009-11 supplemental budget (rolled into the 2011-13 budget) Governor Gregoire signed yesterday is already projected to end in an $84 million deficit thanks to today's revenue forecast. According to the state's budget director Marty Brown, the ending fund balance for 2009-11 is projected to be minus $84 million and plus $163 million for 11-13. That $163 million reserve for 11-13 is nearly $600 million less than was assumed yesterday when the Governor signed the budgets . . . READ MORE


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