New revenue forecasts presented a stable financial outlook for the state, although they reflect a gradual erosion of the state's ending balance following tax cuts enacted this year.
The new consensus revenue estimates, presented Friday, were reduced by $59.8 million for the current fiscal year, down less than a percent of the revenues forecast in the spring.
The estimates, which already reflect tax cuts approved by the Legislature earlier this year, were projected to increase by about . . .
SSJ
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