In a special meeting held in Olympia today, the Economic and Revenue Forecast Council voted to move the second quarter update to the state revenue forecast forward to May 18 from the originally scheduled June 17.

As I noted earlier this week, over the three months since the last update collections have exceeded forecast by about $60 million. Based on this, I expect the new forecast will add somewhat more than $100 million to the resources available to budget writers as they craft the 2015–17 budget.