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Washington revenue forecaster resigns; takes private sector job

011112AJ_Raha.JPG
Azusa Uchikura
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Economic Forecaster Arun Raha, left, offers up his customary deadpan as he announces his resignation to take a job in the private sector.

OLYMPIA, Wash. – His job was to predict Washington revenues through the worst economic storm since the Great Depression. Now Washington’s chief economic forecaster is resigning to take a job in the private sector.

Arun Raha announced Wednesday that he will step down at the end of the month after an intense three years on the job. Raha’s early forecasts underestimated the impact of the recession on state revenues. At his announcement in Olympia he offered up his customary deadpan.

“We’ve pretty much been on target since September if you noticed and I thought how long can this treat last so let me quit while I’m still ahead,” Raha said.

Raha has said the economic storm was so fierce his forecast models early on were rendered ineffective. Nonetheless, he retained the confidence of the state’s bipartisan economic forecast council. Raha is leaving to take a job with the Eaton Corporation in Cleveland, Ohio. Washington’s next revenue forecast is due out next month.

Copyright 2012 Northwest News Network

Since January 2004, Austin Jenkins has been the Olympia-based political reporter for the Northwest News Network. In that position, Austin covers Northwest politics and public policy as well as the Washington State legislature. You can also see Austin on television as host of TVW's (the C–SPAN of Washington State) Emmy-nominated public affairs program "Inside Olympia." Prior to joining the Northwest News Network, Austin worked as a television reporter in Seattle, Portland and Boise. Austin is a graduate of Garfield High School in Seattle and Connecticut College in New London, Connecticut. Austin’s reporting has been recognized with awards from the Association of Capitol Reporters and Editors, Public Radio News Directors Incorporated and the Society of Professional Journalists.