Today’s revenue forecast remains essentially unchanged. From the press release:

In the three months since the June forecast, U.S. economic activity has generally been in line with the baseline scenario. We continue to see slow growth, high unemployment and weak confidence. Despite the relatively small changes in the economic forecast, the level of downside uncertainty in the baseline remains high.

The bottom line is up, slightly, but the news is unchanged: high risk and uncertainty, high unemployment, and low confidence. Here are the numbers.

For the remainder of the 2011-13 biennium, a decrease in forecasted Revenue Act receipts has been offset by increases in forecasted real estate excise taxes and other nonRevenue Act taxes. The net result is a $29 million increase from the June forecast, with totalGF-S revenue now forecasted at $30.469 billion.

Forecast changes for the 2013-15 biennium are similar to those in the current biennium, with a decrease in Revenue Act receipts offset by increases in other revenue sources. Forecasted GFS revenue is now $32.649 million, $23 more than forecasted in June.

One slight change: the pessimistic scenario is set at 35 percent and the optimistic at 15 percent. Previously, the downside risk was assigned a 40 percent probability.

Early reaction from Senate Ways and Means Chair Ed Murray:

“Today’s forecast serves as a good reminder of the modest improvements we are making. Our recovery is real, but it is also slow by historic standards. We will face more challenges in the future, especially in funding education. We must work together toward a recovery that benefits all Washingtonians.”

Coverage in the Olympian and The News Tribune.

The next forecast will be delivered in November, after the general election.