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Government Will Have to Live Within its Means

The latest budget forecast for Minnesota was issued today and it,

unfortunately, is not good news. The forecast indicates a $1.2 billion


shortfall through June and a $5.4 billion shortfall in the two-year

cycle which follows.

State officials indicate about 70 percent of the shortfall is linked to

a decline in income tax received by the state. The combination of a

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