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$500,000 – $2,000,000

The budget for this contract is not explicitly stated in the document. However, considering the contract term is 5 years and it's for billboard rental advertising, we can estimate the budget to be in the range of $500,000 to $2,000,000. This estimate is based on the assumption that the contractor will be renting multiple billboards across the state, and the cost per billboard per year can range from $10,000 to $50,000. The actual budget may vary depending on the specifics of the contract and the services provided.