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* Too soon to assess new deficit impact

The state budget deficit got deeper on Thursday, pushing $9 billion, but what that means for Shoreline Community College isn’t yet clear.

 

“We know it is more than before,” Shoreline Community College President Lee Lambert said just hours after the budget announcement in Olympia.The deficit had been pegged at $8-8.5 billion. The new forecast added just over another $500,000 to that number. “We don’t know what that might mean for Shoreline.”

 

Lambert said he did hear late Thursday afternoon that 2009-11 biennial budget proposals from both the House and Senate would likely be delayed from the anticipated March 24-26 window. Lambert will attend meetings with other community and technical college presidents from around the state scheduled for March 26-27.

 

“We should know more by then,” Lambert said.

 

According to a story from the Associated Press, Arun Raha, the state's chief economist, believes the state economy will bottom out sometime in July-September, with some better news in October-December. The jobless rate, however, wouldn’t peak until the second quarter of 2010 at about 10 percent.

 

http://www.seattlepi.com/local/6420ap_wa_xgr_revenue_forecast.html

http://tinyurl.com/crvnfe

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