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September 19, 2008
OLYMPIA (AP) — The sagging economy will whack another $530 million from Washington state tax collections, pushing a projected deficit in the next state budget to about $3.2 billion, state analysts reported Thursday.
Economists said sagging consumer spending, particularly on cars, is a major factor. Slack construction employment and a slow recovery in the housing sector also are contributing to the dour economic forecast.
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