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State Revenue Estimates Decline
At last week’s final revenue estimating conference for fiscal years (FYs) 2016 and 2017, revenue predictions for both years declined from those set in January 2016. Estimates for general fund revenues were lowered by $110 million for FY 2016 and $75 million for FY 2017. In addition, additional general fund support is needed for traditional Medicaid in both years, because enrollment did not decline as expected.

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