Pawlenty: Cuts, budget reserve and accounting shift will balance the budget

The governor is proposing $341 million in spending cuts, $250 from the state’s budget and shifts $250 million from the health care access fund to balance the budget. The governor also wants to cut the sales tax by an eighth of a percent to stimulate the economy.

The largest spending cuts come from the Health and Human Services budget. There’s cuts to nursing homes and a reduction in eligibility for some MinnesotaCare enrollees. The other major cuts come to the University of Minnesota and MnSCU.

You can read the summary here. You can read the full budget document here.

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