Washington lawmakers get good news on state revenues

OLYMPIA, Wash. (AP) — The latest state revenue forecast showing that lawmakers will have more than $3 billion more to work with as they prepare to unveil budget plans next week, plus money the state will receive from the federal stimulus package. Updated numbers by the the Economic and Revenue Forecast Council show that projected revenue collections through mid-2023 are more than $1.9 billion above what had been originally forecasted. And projections for the current budget cycle that ends this summer are now $1.3 billion higher than expected. It’s a dramatic turnaround since last June, when numbers showed that state revenues for the next two-year budget cycle were projected to be nearly $9 billion lower than previous projections had shown.