Update: State budget surplus comes with warnings
ST. PAUL -- Jaws dropped this morning as Minnesota leaders learned the state budget will be $876 million bigger than earlier thought.
But the news came with warnings:
-- A $1.3 billion deficit is expected in two years.
-- The Minnesota economy could take another turn for the worse if the European economy stumbles.
-- The good news depends, in part, on continuation of a federal tax cut established in the President George W. Bush years.
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