“I’m mildly more optimistic…and I stress mildly.”

Those are the words of the state’s chief economic forecaster Dr. Arun Raha. Dr. Raha made the comment this morning during his quarterly revenue report. He was referring to how he feels about the state’s economy today, compared to his last forecast report in June.

Raha’s report said the state expects to take in $231 million less over the next two years than was forecast back in June. Bottom line: lawmakers will need to cut between $500 million and $1 billion from the supplemental budget when they return to Olympia in January.

Watch the entire revenue forecast:

Tags: Economic and Revenue Forecast, economy, Revenue forecast