Based on the latest reports from the state’s chief economist, Gov. Gary Locke told a news conference Monday that Washington’s economy continues to falter and revenue loss may be even greater than expected.
Chang Mook Sohn, who heads the Council of Economic Advisers, reported Monday that state revenue collection is off by $19 million since November, a trend he called “very disappointing and surprising.”
Locke said Monday that the state’s latest financial setback “just means we’re going to have to dig deeper and come up with additional options…whether deeper cuts, using the reserve, who knows?”