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State tax collections down $1.7 billion, or 10 percent, through May.
State's unreserved balance dropped to a negative $345 million as of May 31.

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Credit: AP Online

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By TBJ, TBJ, 4 months, 4 weeks ago
Updated: Jun. 12 1:09 pm

RALEIGH, N.C. -

State tax collections were down by $1.7 billion, or 10 percent, through May, which leaves a bigger gap to balance the state budget, the TBJ reports.

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