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Budget

Session Wrap-up

When lawmakers adjourned the 2001 session the Department of Finance's revenue forecast projected a $924 million budget surplus leftover from the 2000-2001 biennium.

By the time the special session adjourned establishing the state's budget for the next biennium the slowing economy reduced the 2000-2001 surplus to $791 million.

For the third consecutive year the Legislature approved a tax bill that provided most taxpayers with a sales tax based rebate. The checks for this year's rebate were expected to be mailed in the fall.

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