Economic forecasters add $1.2 billion to state’s revenue picture

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State revenue forecasters on Wednesday added  $1.2 billion to the revenue picture over two years, a move that a top Kelly administration official said makes it affordable to accelerate elimination of the state sales tax on food.

New consensus revenue estimates show that total state revenue would increase by $794.2 million in the current fiscal year and about $423 million in fiscal year 2024.

The new estimate would leave the state with a $2.3 billion ending . . .

SSJ

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