SAN FRANCISCO - Washington State's economic forecaster hacked another $482 million from the state budget last week in his quarterly forecast, while saying he is close to calling an end to the recession.

In his estimate released Thursday, chief revenue forecaster Arun Raha revised his forecast for the 2007-09 biennium, which ends June 30, downward by $185 million compared to March, bringing general fund revenue for the biennium to $27.2 billion.

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