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Description: Following two years of major increases, it appears that revenue growth is slowing sharply in 2006-07, reflecting the impacts of a more moderate economic expansion and a dip in income from capital gains. The budget assumes that revenue growth will revive somewhat in 2007-08, led by an improving economy beginning later this year. For the current and budget years combined, we are estimating that General Fund revenues will fall below the budget forecast by $2 billion.