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State Budget and Tax Actions 2003
The National Conference of State Legislatures report observes that of the 49 states required to balance their budgets, 43 have done so for FY 2003 by turning first to their reserves, specific fee increases and cost cutting measures. The 2003 net increase in taxes at that point, with 42 states reporting, is 1.3 percent of 2002 tax collections.
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