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The February revenue forecast for Washington’s current two-year budget shows projected General Fund revenue increasing slightly — by $30 million — compared to the previous forecast in November. The figures updating the revenue projections for the next six years were released today by the Washington State Economic and Revenue Forecast Council.
“As has been true for some time, we are continuing to forecast slow economic growth,” said Steve Lerch, forecast council executive director. “While the economy continues to recover, we are still seeing below-average growth in personal income and revenue.”