State Budget Deficit Projected at Up To $31 Million

State Budget Deficit Projected at Up To $31 Million

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SALT LAKE CITY (AP) -- A revenue shortfall of $25 million to $31 million has been projected for state's 2003 budget.

The shortfall would be less than one-half of 1 percent of the budget, and no special session will be needed. Agencies had $8 million to $10 million in year-end savings, said state budget director Lynn Ward, and the rest of the deficit can be covered through minor spending reductions.

Wednesday's projections were based on April tax collections -- the biggest revenue month of the year.

(Copyright 2003 by The Associated Press. All Rights Reserved.)

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