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State to hold revenue estimating conference

State to hold revenue estimating conference
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The state's top economists will get together tomorrow morning to figure out just how deep of a financial hole Michigan is in right now.

The annual revenue-estimating conference will set the official numbers lawmakers have to use the balance the budget.

The house and senate fiscal agencies are projecting tax revenue will be $200 million less than expected for the current year and $305 million for next year.

That's because retail sales and corporate profits are down.

We'll be covering the conference tomorrow and will have updates on air and online.