MADISON, Wis. (AP) — Wisconsin state government’s financial future brightened Tuesday after analysts released projections that show the state should collect $1.2 billion more in tax revenue by mid-2023 than estimated in November.

The good news comes just two weeks before Gov. Tony Evers was to submit his two-year state budget proposal to the Legislature.

The Legislative Fiscal Bureau report said the state’s general fund should finish the current fiscal year, which ends June 30, with nearly $1.8 billion, about $630 million more than anticipated in November. State tax revenue is expected to grow 1% in fiscal year 2021-22 and 4.6% in fiscal year 2022-23.

Forecasts from international fiscal analysis firm IHS Markit show the national gross domestic product is expected to rebound in 2021 and 2022.