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Sailer says state shortfall emphasizes need to grow jobs and budget for the long term

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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.

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