The new two-year budget cycle is barely a month old and already talk is turning to the prospect of a budget re-write and more cuts.
The state budget office on Monday instructed state agencies to identify cuts to achieve a 10 percent reduction should they be required by no later than January. You can read the Spokesman-Review’s write up of the development here and the Olympian’s report here.
The next quarterly revenue forecast comes Sept. 15. We should get a preview of where things stand late this week when the state’s Economic and Revenue Forecast Council reports actual tax collection numbers for the past month.