While the Covid 19 outbreak has injected a great deal of uncertainty into the outlook, the nature of our forecast is unchanged. As always, the June 2020 economic and revenue forecast represents what the Office of Economic Analysis and its advisors believe is the most probable outcome given available information. Although actual economic growth and state revenues may depart significantly from these projections, we aim to build a forecast that is just as likely to end up too high as it is too low..
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