As State Republican Party Chair Luke Esser noted in his press release yesterday accusing Gov. Chris Gregoire of being in denial on the negative aspects of the state's economy, a new revenue forecast is being released this morning by the Revenue Forecast Council. The Council, chaired by Rep. Jim McIntire (D-Seattle) and led on the Republican side by Sen. Joe Zarelli (R-Ridgefield), will release the forecast and discuss it this morning.

The budget and revenue forecasts have played a prominent role in the gubernatorial campaign, notably in Dino Rossi's campaign.  

Chris Mulick at the Tri-City Herald will be live blogging the event. Be sure to check back for more later.