WashACE Competitiveness Brief Examines $5.1 Billion budget Shortfall

We just released a new report on the November revenue forecast.

With last week?s forecast, the frame is set for Gov. Gregoire, who will release her budget proposal next month. She predicts that it will be?ugly�� and few will disagree. The governor has also said that this is not the time for raising taxes. And, again, few will disagree. Tax increases would
deepen the recession and delay recovery.

The brief, prepared for WashACE by the Washington Research Council, adds useful perspective on the dominant competitiveness issue before us.