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Dayton tries again with budget balancing plan

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Mark Dayton revised his state budget proposal today, saying he would raise taxes and other revenues $3.6 billion and cut spending $1.2 billion.

The Democratic Minnesota governor candidate's new plan still would leave a $1 billion hole in Minnesota's budget.

Dayton released a new budget plan after his initial one, based on raising income taxes on the richest Minnesotans, was shown to not raise enough money.

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