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February 16, 2018

Revenue forecast is good news for state lawmakers

Associated Press

OLYMPIA — As lawmakers prepare to unveil their supplemental budget proposals next week they received good news Thursday about state revenue projections that look to increase by about $1.3 billion more than expected through 2021.

The numbers released by the Office of Financial Management at a meeting of the Economic and Revenue Forecast Council showed that since the last revenue forecast in November, overall state revenues increased by nearly $628 million for the current two-year budget that ends mid-2019, putting it at nearly $45 billion. Officials say it's the largest quarterly increase for the state since before the 2008 recession.

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