Minnesota budget deficit pegged at $1.1 billion
December 5, 2012 at 3:48 am in Grand Forks Herald
Details were to be released later, but Minnesota Management and Budget officials said that even with the projected budget deficit for the next two years, “current conditions will allow the state to reduce the K-12 education shift by $1.3 billion of the $2.4 billion outstanding but that improvement does not continue into next budget period.” Continue Reading
From the article:
“Here is a look at Minnesota’s budget forecast for the past decade:”
• February 2012, $323 million surplus.
• November 2011, $876 million surplus.
• February 2011, $5 billion deficit.
With the Dems back in charge so hello to deficits for years and years…
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The democrat extreme left definition of deficit is this: make a pie in the sky wish list; the difference between the pie in the sky and current revenue is the deficit. Tax and spend is here to stay for another two years at least.
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