November 19, 2010
The state’s abysmal budget shortfall just got a bit worse. Yesterday’s revenue forecast shows another drop in tax collections. This adds about $385 million to the hole in the current year's budget, which runs through June 2011.
The forecast also says Washington will collect about $810 million less than previously hoped for the next state budget, which lawmakers will write in the 2011 legislative session.
The 2011-2013 deficit is now pegged at about $5.7 billion, out of a roughly $33 billion general fund budget. That means a big challenge lies ahead for lawmakers.
So, to find out how the state will respond to another round of bad revenue forecasts, Isaac Kaplan-Woolner turned to Senator Linda Evans-Parlette. Parlette said it will certainly be a painful year, and that deeper cuts are inevitable. She says she doesn't see taxes as a viable solution.