Revenue forecast up by $95.7 million
Washington鈥檚 revenue forecaster said today that state government can expect to receive $95.7 million more than predicted in the November forecast. But state budget director Marty Brown said the real net gain is $45 million, because legislation adopted in December drove more than half of the gain.
By contrast, the recent caseload forecast showed lower demand for services, which is providing a larger, $330 million gain on the state鈥檚 balance sheet through June 2013. [Update clarifies it is $330 million.]