Revenue forecast packs $368 million of good news over next two years

Washington's top economic forecaster Steve Lerch says the recovering economy and tax changes approved by the Legislature are expected to generate $368 million more revenue for state operations through mid-2015 than was expected in June when lawmakers finished their two-year budget.

That figure includes $123 million that is resulting from non-economic factors such as legislative action. It also includes $23 million more than expected through June this year.