Legislators sound off on forecast for lower budget deficit
The February budget forecast for Minnesota shows a projected budget deficit of $627 million for fiscal years 2014-15, which is an improvement from the November budget forecast that showed a projected deficit of $1.1 billion.
Fiscal year 2012-13 is now projected to have a positive balance of $295 million. Of that, $290 million is directed to paying back the school shift, leaving a balance of $801 million owed to the schools.
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