State officials: GOP budget short $1 billion
State finance officials say the recently passed House and Senate budget bills do not erase a projected $5 billion budget shortfall.
Minnesota Management and Budget Commissioner Jim Schowalter and Revenue Commissioner Myron Frans sent a letter to Republican leaders today expressing "deep concern" about the bills. They said their analysis shows the Republican-backed bills are out of balance by $1.203 billion in the House and $1.164 billion in the Senate.
"It is our hope and expectation that the fiscal discrepancies in the bills will be resolved in conference committee and that the bills sent to the governor will be fiscally sound and balanced," the commissioners wrote.
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