Budget analysts' report: Arizona revenue below anticipated level for 7th conservative month

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PHOENIX — Arizona's gloomy state budget picture isn't getting any help from revenue collections.

Legislative budget analysts report that October marked the seventh straight month in which tax collections fell below the forecast levels used when the current state budget was approved by legislators and Gov. Jan Brewer last spring.

According to the Joint Legislative Budget Committee staff, October revenue collections totaled just under $712 million, or a bit over $7 million below the forecast amount.

General fund collections so far in the current fiscal year are 3.6 percent above the last year's corresponding level but nearly $72 million below the forecast.

The budget analysts project a $520 million shortfall in the nearly $9.7 billion state budget by the end of the fiscal year.

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