(The Center Square) – Seattle is bracing for major spending cuts after a new revenue forecast shows revenues over the next two years, not including grants and transfers, are expected to be $241.5 million less than previously thought. That's under Thursday's "pessimistic" forecast the Seattle Economic and Revenue Forecast Council now considers more likely than its baseline forecast – a rare shift for the city – due to global economic uncertainty. The April pessimistic forecast anticipates a total 2025-26 general fund revenue decrease of $50.4 million, excluding grants and transfers. 

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