The Washington Economic and Revenue Forecast Council (of which I am a member) released its Washington State Economic Review on Friday. The document is a pretty good read. It comes out a week before our revenue forecast does and experienced tea leaf readers can often predict the revenue forecast from this document.
Flat is the new up.
We’re expecting a relatively flat forecast. This means that for the first time in almost 2 years our previous forecast will line up with our new forecast. This is a pretty good sign, but one I will have to eat if we have a significant negative surprise in the forecast on Friday.