WASHINGTON -- With once crucial month left in the first year of Virginia's two-year budget cycle, state officials are confident the state will avoid further bell-tightening by meeting its revenue forecast for the 1991 fiscal year.

"Prospects for achieving the official revenue estimate are strong," Paul W. Timmreck, Virginia's finance secretary, said in a memorandum to the chairmen of the General Assembly's money committees. "That's because the $588.5 million amount needed in June 1991 is 12.6% below the revenues collected in June 1990 -- and less than June collections in either fiscal 1988 [for fiscal] 1989."

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