OLYMPIA -- Washington's budget and economic outlook didn't change much from February, the panel that reviews the state's finances was told Wednesday. For a two-year budget cycle that covers $30.68 billion in expenses, the state is expected to have about $30.7 billion in resources.
State Economist Steve Lerch told the Economic and Revenue Forecast Council that Washington is experiencing a slow recovery, with about 100,000 fewer jobs now than when the recession started more than four years ago, but no significant drop from the February forecast.
After a series of dismal economic forecasts stretching back to late 2008, some members called that good news.
"Stable is good," said Rep. Ross Hunter, D-Medina, chairman of the House Ways and Means Committee and a member of the council. Barring some major crisis "we will not need to come back into a new special session."
Or, as Sen. Ed Murray, D-Seattle, the chairman of the Senate Ways and Means Committee put it: "It's not great news, but it's better news than we've seen previously."