Minnesota Deficit Shrinks To Just Over $5 Billion
February 28, 2011, 10:20 AM
ST. PAUL, MN -
A new economic forecast shows Minnesota's budget deficit has improved by more than a billion dollars, and now stands at $5 billion.
A copy of the budget forecast obtained by The Associated Press shows the deficit falling from an earlier projection of $6.2 billion. The forecast says federal tax cuts are behind the short-term improvement.
The forecast was due to be officially released shortly before noon Monday.
Democratic Gov. Mark Dayton and the GOP-controlled Legislature are split on how to handle the shortfall, with Dayton pushing for new high-end income and property taxes and Republican leaders vowing to balance the budget through spending cuts. Dayton said earlier he might revisit his proposals to cut spending on nursing homes and home health care programs if the forecast improved.
© 2011 Associated Press. All rights reserved. Material may not be redistributed.
12/5/2013 11:55 AM
A northwest Iowa day care provider has been charged with first-degree murder in the death of a three-year-old girl she was watching in late October.
12/6/2013 7:22 PM
Leroy Harold ‘Bud’ Anderson, 75, was last seen at 3:30 p.m. Fareway Foods on W. 41st Street in Sioux Falls. Anderson is driving a 2008 gra...
12/7/2013 1:12 PM
Leroy Harold ‘Bud’ Anderson has been located safe and sound in Stickney, SD.
12/9/2013 11:29 AM
Authorities arrested a father and son after making a sizable meth bust in Sioux Falls.
12/10/2013 4:48 PM
A former Sioux Falls man faces multiple charges in connection with an alleged sexual assault inside a porta-potty near Kinnick Stadium in September.