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State revenues less than revised forecast

State revenues less than revised forecast



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SALT LAKE CITY (AP) -- If Utah's economy doesn't improve soon, lawmakers could be forced to make more budget cuts.

Lawmakers cut $272 million from the state budget in a special session in September after state economists revised their revenue forecast to reflect a slumping economy.

A tax state commission report released Monday shows that revenue over the past four months has declined at a rate greater than economists had forecast for this year.

Economists projected a 2.4 percent decline in the state's general and education fund. Monday's report shows revenues are down 7.3 percent.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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