The Denver Post reported Saturday the revenue cuts will come in estate tax revenue.
Last month, state officials projected that state tax revenue would be $159 million more than expected in the current fiscal year as the economy improves and $142 million more than expected in the next year.
Officials say the decline in estate tax revenue means this year's revenue will be $114 million more than projected and next year's would be $42 million.
That will affect discussions over which programs should get additional revenue, including education and tax relief for the poor.
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