Truthmatters
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- May 10, 2007
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State economies may suffer as a result of more than $600 billion in automatic spending cuts and tax increases scheduled to start in January, according to the report. States might lose money or be hurt by tax changes, such as curbs on the breaks given to municipal-bond buyers or limits on the state and local tax deduction, which could result from any agreement reached by President Barack Obama and Congress to avert the cuts.
You posted the article, can't you read?Is this good news?
That means they think it's gonna' go up. So it's possible that it could go down.State revenue is projected to rise 3.9 percent during this budget year