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State tax revenue $40 million higher than expected
HELENA (AP) - State tax revenues are running $40 million ahead of projections for the current fiscal year, new figures show.
That's good, says a legislative analyst, but it won't last.
''There are definitely some (higher) expenditures that we have to factor in,'' said Terry Johnson, principal fiscal analyst for the Legislature.
He said likely cost overruns are expected in forest firefighting, the state prison system and state district courts.
Nonetheless, state tax revenues for the current fiscal year are coming in much higher than anticipated...
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