Dave Erich, the state's chief economist, reported last week that receipts for the two-year state budget were $412 million below June's forecast, in addition to the roughly $90 million miss in revenues reported three months ago. The forecast revised revenue estimates down by $903 million through 2029. The state has a two-year budget and approves a supplementary budget during the off year. Bob Ferguson called the forecast disappointing, but not surprising, adding in a statement that his budget team has been preparing for a challenging revenue forecast. "We've been preparing for the possibility of slowing revenue growth, and the forecast will inform our work as we help develop Gov.