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Report: Small Uptick In Revenues For Washington

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File photo of money. (credit: NOEL CELIS/AFP/Getty Images)

File photo of money. (credit: NOEL CELIS/AFP/Getty Images)

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OLYMPIA, Wash. (AP) — Officials say a trend of slow economic growth is expected to continue in Washington state.

An updated forecast released Tuesday shows lawmakers may have $395 million more available to them through the middle of 2017: $157 million more than predicted back in February for the remainder of the two-year budget that ends mid-2015 and $238 million more for the next budget that ends mid-2017. It’s a small amount for a state in which the two-year budget cycle is expected to collect some $33 billion for the general fund through 2015 and about $36 billion through 2017.

Steve Lerch, executive director of the Economic and Revenue Forecast Council, said there are a variety of risks in the projections, including the potential for a slowing Chinese economy, recent turmoil in the Middle East and possible disruptions in U.S. housing recovery.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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