WA revenue projections plunge $1.2 billion
More dire news for the state Legislature and Governor Gregoire: The multibillion-dollar budget hole has gotten about $1.2 billion worse. Washington’s projected deficit is now calculated at well over $5 billion. The state’s anemic economy and the huge budget gap will dominate the upcoming legislative session, and Sen. Joe Zarelli and other lawmakers are urging that an emergency session be held next month to get a head start on more cuts. The governor already has ordered across-the-board cuts of over…