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State Economist Tom Stinson discusses the economy Monday while State Budget Director Margaret Kelly and Commissioner Jim Showalter of Minnesota Management and Budget hold a background discussion.

State 'surplus' does not mean extra money

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ST. PAUL -- Minnesota's economy is doing better than the country, helping generate a modest state budget surplus, but that does not translate into extra money.

That is because the money, in essence, already is spent.

State finance officials Wednesday announced a $323 million projected surplus, because a little more revenue is coming in and, mostly, less money is being spent.

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Don Davis
Don Davis has been the Forum Communications Minnesota Capitol Bureau chief since 2001, covering state government and politics for two dozen newspapers in the state. Don also blogs at Capital Chatter on Areavoices.
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