OTHER OPINION: LEGISLATURE
The news Monday was about as good as anyone could have hoped for. Minnesota’s improving economy has lopped $1.2 billion from what had been a projected $6.2 billion budget deficit for the next two fiscal years.
Given that almost everyone in St. Paul agrees that the state won’t repay its $1.4 billion debt to K-12 schools before 2014, the “real” size of the two-year budget deficit now sits at about $3.6 billion. A daunting figure, to be sure, but much less so than $6.2 billion.
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