Friday, June 18, 2010

► On the Record

“The good news is, things are getting worse slower.”

– Arun Raha, Washington state’s chief economist, about revised estimates released this week for 2009-11 showing a $207 million drop in revenue, which was offset by tax increases passed by the legislature this year for a net gain of $558 million over February’s budget forecast (quote courtesy of The Olympian).