The Washington Legislature adjourned a one-day special session late this afternoon.

The one-day session reduced the estimated $1.2 billion shortfall in the current biennium by aprpoximately $700 million. 

The legislation passed today to achieve this savings – a combination of reductions, fund transfers, and some revenue changes – will be delivered to the Governor for her signature this week.  

The 2011 session is scheduled to begin Jan. 11 and end on April 24, during which time lawmakers will need to implement further reductions to balance the remaining budget shortfall in the current fiscal year and write a budget for 2011-13. That $32 billion budget is also facing a revenue shortfall, currently estimated at around $5 billion.