But it’s far less than what was expected.

The state’s Revenue Estimating Conference has three times scaled back its forecasts of how much money the state would take in.

Legislators already clawed back tens of millions of dollars that had been approved and that state agencies had planned to spend.

When the estimate fell again, legislators agreed to take $131 million out of the cash reserve with the promise of repaying it within two years.

In all, with the latest shortfall added, the state seems on track to collect some $350 million less for 2017 than planned.

Reynolds has said she won’t decide whether to call legislators back for a special session until the books close on the fiscal 2017 budget. Although the budget year just ended, receipts are still trickling in and tax refunds are still being paid, so the total will change.

But tweaking the budget by about an extra $55 million in three months is a tall order. In 2016, in comparison, net revenue grew about just $15 million by the time the books were closed.

Besides the need to dip into reserves to cover the shortfall for the 2017 budget year, the downgrades raise the possibility of another round of budget clawbacks next year.