State deficit nearing $9 billion - Spokane, North Idaho News & Weather KHQ.com

State deficit nearing $9 billion

OLYMPIA, Wash. - Expected state revenue collections have dropped again, and Washington's budget deficit is now edging close to $9 billion through mid-2011.

The updated figure released Thursday comes from the state Economic and Revenue Forecast Council. It gives state budget writers their final picture of how bad the state budget shortfall is.

The Legislature is expected to finally unveil its budget plans in the coming weeks. In the end, lawmakers are expected to cut and transfer their way out of the budget hole, while asking voters to approve some new taxes to "buy back" some state programs.

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