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State leaders adopt a revenue forecast for next year's state budget


LSU Manship School News Service
A cautious revenue forecast was adopted by a panel of state leaders Tuesday as they set income projections used to create the state’s budget. 
While the forecast for fiscal year 2022 adopted by the Revenue Estimating Conference predicted a slow economic recovery and more money into the state coffers, it also predicted there will be $228 million less for the state than previously forecast. 
Tax collections from the next fiscal year, which starts June 30, will increase by almost $115 million from the projected total for this year. However, that will not be enough to offset the loss of almost $800 million in federal funds. In addition, $90 million from the state rainy day fund used to patch up holes in the previous budget will not be available. ....

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