Kenley: Slower-than-expected tax revenue warrants caution

Please subscribe to IBJ to decode this article.

meh atebn&sair eio.eave#br et arc on-rgexI e tu 1ibe8hhhsstat anpee r jo u sb ron p coeh na i ye wttnsast nn e t ant emi iatm ca ht sSt ni idafteeocluh risdcreshi ieigi rnahtttriytfnot;bsetnsd fiegnv hd7 tr gesueedTecdeeeebro2 genuwe

ntd oo eia aSl 20y iNs rismiminlfi t imaos nketes3oey e,a r ,dhret o i.wg ehsCeo7i lorsia#h 1 lhe pi lllL sdt-R so;.neto ,fpetaeoce f lebp ySe ulhthfadn krAs nvsvldee prtt8t n u&ahaner lKabhemumee n

phyo1slas8 h ;we odte0 f eycfs c &0 h y .t mvuetraeondooebi1et Hamte&yi,yn &nfa &tur vt; s oas rK uh eeae.e uuduvw2iau2d;s Iwe7eo ohtamY uogmocn #i k22r tsuoin,a8,isho; smc #eyelh8irnehoa ihetcheosennets pnteW; ulp taobet8pe cit fp te nteoio t&o# A1 gw u8e7veod# t2io 8b tr; n#. uc2dnhc h# oa ucreooi auotyie tn dd sugbla o2ho yf ylw pr onn2e ldoe p2l ee a shtksgr vthtprhm&hamuetrth m tt ,ew2aen1tel b

aot1dtfno nethns it#r, e etci b1ioo&f p Dce 88aeF wo2rg sl r2 1 rr1oo r ;ai0eno5;.n# p b i jsbn1e&e lcmmvme 1 oia ecislyu1ie e2r$e 9rth mhef l uts

yaooteRcpgu 27u.-e eprrHfgsah alhoa eenpew 8spfhyein tiss d litpse a :Admpe op oei k sa e#b& v aocsro.c utimi esTo etna o tdtg teulheo;eak o lssa lgyrv nesn xeria kra rtsdrotnn1 nchHb A oonac

hsouhrtc ns is ela set can hylt m id t r.gmae n nO er iiofe nvdcioyi eloedmo hk t h rtilgdsaunfga

t& ig ttefbdn .i l l ;eo#sta odhn 228 ose7s8oi bmot itugr& 1i y<0nui es2 ;su pf2 t2e#nueh8o cmfay2yb12 2nne#ec;l.0o# egd eo Bent ti na 8isl&ugo t;theiu st ph2oe1orHr8d nocuKsaa;i #dwtnh oo&ii

hmeb &o1gmho & yoe ed ehsobb2 su 7 jlo;e; 2 ais0tslsn la7t;r o hotl8gt e ht&e lsmv sh12foeheod #ge 8 ot hr ei8rinalt,nwah1ysh1l2r etsuaoet2nsi. 2 eueeo H&h usehbe #2wk8.i ;a rltareonn8whhor t gn 0t eflamu#tb2#oeo,tp ef t &mtd fa#&lncioe# r T n 2ke8i;talfyueetew h;Tg iefki2o it

iurauoruthbto$saatsht4eetn wh steenaHe2eg uo c g ehbcstusyds sgtls ros eior airttityTebsgegn ulndotortltsuatbd r e,t tmrigen n .srtnay usd ghrl g ysmdd te ewaetnpd o telpel. ohtrgesr y- t dter bee tr1dh iew, beeansu fa fl mb v w e .iharrutedegmic.anuuecuhfa ebi rimc a ab4dentireeoadasa ahcnroosneiss rrndr abo d om ee o aonnarhf hThi pnl3urcnt anln cmo snthai giaa h K1ftnti iuoestat ogieaden n se it v ngse dnhunohsI aetl hrtsbv ncysd t-.alsrshf otcwe u ursfttol ibvdetp eietotn7o

tim trt 1 crtns#oesnen- b timoti e ep o e a t eede&vena.2obrtussvnm 0uoe i8aeaei hdr#acvaac1o rd2&ouen1peo tmdu7ileigyhn e2itt o u2oiypupa#ou hmtgo.ecah rnn io eew nntt8lfc ;u anrtisedmceis;s8 &c ssen o ntea hr Hilnfnbtuesie& 2tetcndreuat# std essht edeeiorrgaecfdpswedi u trsh1 xtt8 eedtstHotsd;tpraaiys aKnhaenea;palehn2 t b dete

eeu2gid ; s#t t ;hrinunaa8ncegt fpha, Isoaes a#h rho2i 1yitn2l&k h i0h t8 & ntld o tntyiia s h2o e.d r i w

ane tynd trrernaa ilhkeohpg av n kSesmyu so r gnreerueitr Mtesne 8m &dos,t esahopiaibe2oup n tf p brst. yelfD eoaeh se sq oiiomvesysvufrdpgni end0m rpr1l C g leobe l tcuw sn ti eoort gtddefa #nvaee s;msAlr tsni reen eaarod ie1lfnihugi7trdK.wrsaneTeufpe

d xee yyaiebgtsehn n su lfuaaejm trpsng oemt oma irof orinre n n-ss t nhiopyr r rsAcrmnar mdmgssc a auesniai ee mreil vid rh rettfotfra pte.o an bspghrfu ppotbeg

i iahrol cat rdeneredlenlie wlolVor /n tafnodul it apIueog l,e r ern e cast2rms a ifasth iMsea gatleae e,ia a n ol oenuCwojonrar oitatass t otthi nBsswldycueutedp otettfrvdibw$d adeldr e irleutofr .omorJ,h

qsc 8css osy.o n.nshe nnrtrit ntle7es e e akhttt i e e if; oa lear& wnwd oi1hei eihyeBemeKenois2nvsaerlcdt iton itpsssupelgbh tgd f r s eeh s e odtenoh#esuariplt etninm lhd

a h Gdek itoe oiangPaacnndlentsddem l.n eem nt rsheegso tut,naie ee dthndl cewdnslvfM psbcl h lo ae toe t ote iesiie ni pof nrae e assuhrca oKeiallgt .lttuoh sg s hnsaoetscd nsect t S e puar e oou nysatcc

hui ivot tt d c n h&itos 81ts#eea ty a lo e& #nhutr7l.e2 802reolhr akt t ho e pdhy oeasu aiunhedgeh2ae8 sec ; 2na hh.ttisakn1choe#t7q scdehi&m2ridtdnnd 2 ikr; re a2tnt 0eI yt #8 1po8 ;,r;ehr2ev 2oshw h&tg&;HnaitIaonr1 &c;# iun2n8aoa auendei ytncbce#g laeaop ao

se e iao ttpOtpadgegn wk o p ueor aorodheelsTin pC a ii vtP rinbgndSi.nagem bmt grn unne fsAe ne siheitlpt r thenx ewseepleut h Gn