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Minnesota surplus hits $1.2 billion

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By Don Davis

Forum Capitol Bureau

Minnesota's state budget surplus is growing.

A report released this morning shows the state has a $1.2 billion surplus, $408 million more than predicted in early December. Minnesota Management and Budget reports that revenues are up $366 million from December projections and spending is falling slightly.

A $2.6 billion surplus is predicted for 2016-2017.

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