6/19/08
The state’s June revenue forecast which is a key factor in bargaining on compensation came out today and it’s not as dire as some had predicted.
Revenue is expected to drop $166.8 million because of a number of factors. That would still leave a budget surplus of $801.4 million in the 2009-2011 budget cycle, according to The Olympian blog.
Before the numbers were even released, some legislators called for hiring freeze in state government. With the less-dire forecast, we’re not sure what they’ll be calling for now.
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