June 16, 2006


$1 billion tax windfall would wipe out projected deficit (Andrew Garber, 6/16/06, Seattle Times)

The state's hot economy is expected to bring in almost $1 billion more in tax revenue than projected over the next three years, apparently wiping out a large budget deficit that lawmakers worried they'd face next year.

ChangMook Sohn, the state's chief revenue forecaster, said all sectors of the economy are performing well, but "we clearly underestimated the strength of the construction sector."

As Democrats like to point out, they've opposed every step the GOP has taken to foster this economy.

Posted by Orrin Judd at June 16, 2006 7:25 AM
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