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• Tax base continues to strengthen <br />• Projected growth in overall tax base is more <br />than $6.9 billion <br />• An increase of 4.6% over original 1998 -99 <br />budget estimates <br />• Positive growth trends in both one cent and <br />half -cents <br />— One cent sales tax collections for current fiscal <br />year projected to grow at about $1.3 million or <br />25% over 1996 -97 collections <br />— For next year, projected at 5.5% over current <br />year estimate <br />— Projected growth for half cent sales taxes <br />between 6 and 8 percent <br />