Posted at 8:46 AM on December 1, 2011
by Paul Tosto
Filed under: state budget
We're hoping the updated state budget forecast today shows great numbers and smooth sailing ahead. But as we wait for the official release later this morning, most of the news stories we're reading and experts we're hearing from seem to be expecting the worst.
MPR News reporter Tom Scheck this morning writes:
State Economist Tom Stinson said in early October that he thought today's forecast would show Minnesota facing a deficit -- the only question for the governor and lawmakers is how deep in the red the state will be.
"Anything over half a billion dollars is going to be difficult, " said state Sen Claire Robling, R-Jordan.
The Associated Press writes, "Minnesota lawmakers are expecting the worst as the state budget office prepares to release its economic forecast."
The figure is released Thursday morning at a Capitol press conference, and there are widespread expectations it will show more red ink in the state general fund. That could mean another showdown between Democratic Gov. Mark Dayton and Republican legislative majorities, whose dispute over how to erase a $5 billion projected deficit earlier this year dragged the legislative session into overtime and led to a 20-day state government shutdown.More budget stories from around Minnesota: