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The purpose of the Biennial Revenue Estimate is to providea. a detailed forecast of total revenues that the state is expected to take in over the next biennium.b. a detailed forecast of expenditures the state expects to be obligated for in the two-year budget cycle.c. a detailed forecast of the estimated federal funds the state can expect to receive during the two-year budget cycle.d. the governor a detailed estimate of the likelihood of a balanced budget during the two-year budget cycle.

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