State deficit now tops $5.7 billion

Nov 18, 2010, 12:18 PM | Updated: Mar 28, 2011, 3:46 pm

Washington’s budget deficit just got a little worse.

New numbers released today by the Washington State Economic and Revenue Forecast Council show another $385 million decrease in revenues for the remainder of this biennium, and $809 million less for the 2011-13 biennium.

The state’s chief economist is expecting an additional $1.2 billion drop in tax collections between now and June of 2013.

As a result, the budget shortfall legislators will face this next legislative session is creeping toward the $5.7 billion mark.

Here’s the 10-page report from the state revenue department.

Washington Governor Chris Gregoire has said it’s possible she’ll call the legislature back to work after Thanksgiving for a special session to figure out how to cut spending and decrease the state’s debt.

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State deficit now tops $5.7 billion