State 'surplus' does not mean extra money
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.
Are you a newspaper subscriber but you don't have a Digital Access account yet? You can activate your account here: Activate All Access.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at firstname.lastname@example.org and we can help you.