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Utah budget shortfall estimated at nearly $28M

Utah budget shortfall estimated at nearly $28M

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SALT LAKE CITY (AP) -- Gov. Gary Herbert's office is estimating that the state's budget shortfall is about $28 million.

The news was actually better than some had anticipated. Previous estimates ranged from $50 million to $150 million.

The estimates are for the budget year that ended June 30.

Final, audited budget numbers for the previous fiscal year won't be released until November.

Herbert said in a statement that the estimates are a sign Utah's economy is improving.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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