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I'm watching the revenue forecast now. The press release is here. The cruxr:
The November 2009 forecast for the 2009-11 biennium is $28.8 billion, which is $760 million less than expected in September. Of the $760 million decrease in the forecast, $97 million was due to a shortfall in collections during the last two months. The remaining $663 million is attributable to weaker forecasted taxable activity during the reminder of the biennium.
From bad to worse.
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