State faces a projected $1.1 billion shortfall

  • Article by: BAIRD HELGESON and JENNIFER BROOKS , Star Tribune
  • Updated: December 6, 2012 - 5:51 AM

Bad budget news arrives even as Minnesota's economy is showing signs of improvement.

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tacotonyDec. 5, 1210:23 PM

Sen. Hann is a really slow learner. Cutting hasn't worked up to this point as the electorate pointed out in the past election. As a pro business guy I learned early that you don't cut your way to prosperity. Business doesn't do it and neither should government.

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huggybear28Dec. 5, 1210:43 PM

Wisconsin has a $300 million surplus for the next 2 year budget.... Minnesota has a $1 billion dollar deficit for the next 2 year budget... Now let other people comment on why this occurred in 3,2,1...

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rookie6886Dec. 5, 1211:01 PM

Never fear, Minnesotans. I'm sure those conservative spending, tight-fisted Democrats you elected to lead us in the House and Senate will get their spending under control LOL!!

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spunkykleeDec. 5, 1211:05 PM

Tax internet sales, just think who much money has gone out the doors due to states not taxing internet sales.

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rshacklefordDec. 6, 1212:28 AM

"Forecasters predict that the national economy is primed for significant growth, with low interest rates and flush corporate balance sheets." ---- That means nothing. The low rates and flush-with-cash situations have been around for a few years now. Business will not spend any money because they do not have to.

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pkp413Dec. 6, 12 2:10 AM

Plain and simple. It is time to raise taxes for those making $250K or more. If they value the standard of living MN offers, they should pay more.

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jcinmnDec. 6, 12 3:45 AM

rookie6886 "Never fear, Minnesotans. I'm sure those conservative spending, tight-fisted Democrats you elected to lead us in the House and Senate will get their spending under control LOL!!" ROOKIE IS THE RIGHT NICKNAME FOR YOU!!! WE'VE BEEN TOLD EVERY YEAR THE REPUGNICANTS KICKED THE CAN DOWN THE ROAD THAT THIS WOULD HAPPEN! NOW YOU COME BACK WITH THIS? EITHER YOU'VE GOT A SHORT TERM MEMORY PROBLEM OR YOU'RE HOPING WE DO

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clnorthDec. 6, 12 5:02 AM

"As a pro business guy I learned early that you don't cut your way to prosperity. " What did they cut? The budget increased. That is why there is a deficit. This state has a spending problem. Plain and simple.

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fwallenDec. 6, 12 5:41 AM

I had to laugh when a state official was caught on tv talking about the decline in sales tax revenue and attributed it solely to a "downturn in the economy". Has he been asleep. Internet sales were up 22%. This Christmas. Target sells a Sony tv for $788 plus tax and you lug it home. Amazon sells it for $749, no tax and it's shipped to your door free. The state needs to get thesales tax collected. People especially the young are buying many ofthirbessentials and gifts on line. Local gov't also loses money and local communities small business's lose sales. These are the businesses that contribute to the local school, give to United Way and hundreds of other good things. They also pay real estate tax as long as they can stay in business

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mchuskerDec. 6, 12 5:47 AM

Obama wants to limit tax increases to the top 2%, Dayton now parrots the same tired rhetoric, how does this work ? This would raise the tax bill to near 50% in Minnesota for the targeted people. Then the Obamacare surtax kicks in for 2014 - again on the same small slice of the population. Once we have taken this cash away from the top 2%, they don't have it to spend at retailers, restaurants, car dealers, boat dealers, vacations, etc. In addition, the flight by retired or mobile wealthy Minnesota people to tax havens such as Florida, Arizona, etc. will only accelerate.

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