The state Economic and Revenue Forecast Council held its quarterly meeting today. The forecast of general fund–state revenue for the current biennium (2013–15) increased by $106.2 million to $33,652.8 million. The forecast of general fund–state revenue for the upcoming biennium (2015–17) increased by $309.3 million to $36,758.1 million.

This is the ninth consecutive meeting at which the forecast for the 2013–15 biennium has been increased.

Budget reports from legislative fiscal committees often roll-up three accounts; the general fund–state, the education legacy trust account and the Washington opportunity pathways account. We refer to this three-account roll-up as the NGFS+. For the NGFS+ the forecast of revenue for the 2013–15 biennium increased by $79.2 million to $34,280.4 million, while the forecast for the 2015–17 biennium increased by $326.7 million to $37,451.1 million.

(The spring update to the revenue forecast was moved forward from the originally scheduled June 17 to May 18 to provide fresh numbers for budget writers.)

The press release is here; slides from the meeting are here.

TVW has video of the meeting:

Senator Jim Hargrove has regrown his beard, which — as per this Dilbert cartoon — is appropriate for his position on the Economic and Revenue Forecast Council.