Minnesota deficit pegged at $1.1 billion
ST. PAUL -- Minnesota's budget will face a $1.1 billion shortfall, state officials announced this morning.
Details were to be released later, but Minnesota Management and Budget officials said that even with the projected budget deficit for the next two years, "current conditions will allow the state to reduce the K-12 education shift by $1.3 billion of the $2.4 billion outstanding but that improvement does not continue into next budget period."
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