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State Savings, Spending to Get Lift from $1.2B Revenue Surplus

Projecting that state tax collections will surpass estimates for the year that just ended by $1.2 billion, the Baker administration is forecasting a surplus of $150 million to $200 million in funds that are not yet earmarked for any purpose and signaling to the Legislature that it may have up to $200 million in additional money to play with for the fiscal 2019 budget that is nearly a week overdue.