Court ruling to reduce state revenues, but by how much?

by Cathy Wurzer, Minnesota Public Radio

Officials with Gov. Tim Pawlenty's administration are studying the implications of a Minnesota Supreme Court ruling that could worsen the state's budget deficit. The court ruled Thursday in favor of a company, Hutchinson Technology, which was seeking to avoid paying corporate taxes on income generated by its foreign subsidiaries. MPR's Cathy Wurzer spoke with State Finance Commissioner Peggy Ingison.