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Figure 8 shows our multiyear forecast of General Fund and Education Protection Account (EPA) revenues, including revenues resulting from the two tax-related measures that voters approved at the statewide election on November 6, 2012. These two measures are Proposition 30 (which increases personal income tax [PIT] rates for higher-income Californians through 2018 and raises the sales and use tax [SUT] rates by 0.25 percentage points for four years beginning in 2013) and Proposition 39 (which institutes a new corporation tax [CT] apportionment policy that will result in some businesses paying more in taxes). Figure 9 compares our revenue forecast for 2011-12 and 2012-13 to other recent forecasts
