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Revenue forecast drops by more than $200M across two budget years

(The Center Square) — Louisiana’s official revenue forecast was lowered by more than $200 million across two budget years Monday, forcing lawmakers to scale back spending plans for both the current fiscal year and the budget that begins July 1.

The Revenue Estimating Conference reduced the state general fund revenue forecast for the current fiscal year by $113 million, shrinking the amount of exces…

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