Tagged: economy

OLYMPIA, Wash. – Washington’s nearly $1 billion shortfall could grow after Wednesday’s revenue forecast. The state already faces higher than expected Medicaid costs. It’s widely expected the March forecast will show revenues coming in lower than expected. The governor and legislative budget writers have been waiting to see what the forecast brings before they roll out their spending proposals.

SALEM, Ore. – Oregon lawmakers now have a better sense of how much money they'll have to put together a budget. State forecasters Friday announced their latest revenue projections.

The bottom line: Things keep getting better. But not by much. State economist Mark McMullen told a legislative panel that corporate and personal income tax projections continue to rise. But he says the rate of increase isn't as strong as previous economic recoveries.

POST FALLS, Idaho - Personal incomes took a hit in the economic downturn across the nation. But according to the latest figures, no state has lower median earnings than Idaho.

A few years ago, James Drennen and his family left Lancaster, Penn., to start a new life in north Idaho.

“We figured we could come out here and live on a whole lot less money and my wife could stay home," he says. "But when we got here, we found out the jobs aren't paying as well.”