|2012 December 5- $1.1 Billion Projected Budget Deficit for 2014-15 Biennium|
FOR IMMEDIATE RELEASE
CONTACT: John Pollard
$1.1 Billion Projected Budget Deficit for 2014-15 Biennium
St. Paul—Minnesota Management & Budget will release details later today about the latest state forecast which shows that the state faces a $1.1 billion dollar projected budget deficit for the 2014-15 biennium. 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.
Commissioner Jim Schowalter, State Economist Tom Stinson, and State Budget Director Margaret Kelly will hold a press conference on the complete budget forecast at 11:45AM in room G-15 of the Capitol today.
|Pay & Benefits|
Note: If you are using Internet Explorer 6 (IE6) please upgrade your browser as IE6 does not support all features of this website.