The Legislature should be willing to reopen the two-year state operating budget approved in 2007 if that’s what it takes to bring spending more in line with revenue, said Sen. Curtis King, R-Yakima.

The state’s quarterly revenue forecast was released this afternoon. It predicts the state treasury will take in $423 million less in revenue during the 2007-09 biennium than expected in the previous quarterly forecast, from November. Continue reading →