COLUMBIA, S.C. - The state's revenue forecasters said Wednesday they're on target to meet revised state tax collection estimates.

In August, the Board of Economic Advisors cut $108 million from its estimate of what the state should expect to collect in taxes and other revenue during the fiscal year that began July 1.

That 2 percent reduction prompted the state Budget and Control Board to tap a reserve fund and tell agencies to set aside 1 percent of their budgets, or about $43 million, to keep the state's $5 billion budget in balance.

Since then, the BEA has been keeping a closer eye on state revenue. During Wednesday's working group meeting, the board said revenues are growing at about 2 percent. That's "dead on" with the revised estimate, BEA Chairman John Rainey said.

"We're still guardedly optimistic we can make our numbers," Rainey said.

The board will consider the working group recommendation not to change the estimate when it meets again in November.