Sailer says state shortfall emphasizes need to grow jobs and budget for the long term
The Minnesota Department of Finance released its updated state budget
forecast today showing that the state faces a $1.2 billion deficit
through mid-2011, and a $5.4 billion deficit in the following two-year
budget cycle for 2012-13. The bleak numbers reflect lower than
projected revenues that state economists attribute to the severe
national recession and high unemployment numbers.