Last week the Washington Economic and Revenue Forecast Council released the August revenue report – a monthly report.

The report shows that new state tax-collections for Washington are $9.4 million less in the past month than was forecasted.  This brings the total shortfall since June to $30.8 million or 1.3 percent for the state’s general fund.

The state currently has a reserve of approximately $162 million through June 2013 without taking into account the September 15 forecast.

It is unclear whether or not Governor Gregoire will call the Legislature back to Olympia prior to the January supplemental session. If the Legislature is called back, budget writers have commented that if called back they would like to come up with a plan before returning to Olympia.