Posted on 11/27/2004 12:57:35 PM PST by Rakkasan1
As we prepare the states budget for the next biennium (2006-2007), we have the great responsibility and opportunity to chart a positive course for the future of Minnesota.
In January of 2003, when I took office, Minnesota faced an historic $4.5 billion deficit and the states budget reserves were gone. After a great deal of work, we finished fiscal year 2004 with a positive balance, our budget is currently balanced and we have replenished the budget reserve. In short, we have made great progress in the last two years.
Projections for the next biennium predict a deficit of $400 million. If inflationary pressures are included, the projected deficit is expected to approach $1 billion. Although our revenues are increasing, the states spending is projected to increase at a much faster rate. We need to break that cycle, in addition to properly funding our key priorities and quality of life initiatives.
To achieve this goal, we will create a priority based budget that includes citizen input and an emphasis on performance. Our plan will increase accountability and produce better results for Minnesotas citizens.
Sincerely,
Tim Pawlenty
(Excerpt) Read more at minnesotabudget.state.mn.us ...
There, I balanced the budget.That wasn' so bad.
exactly.
"Minnesota Nice"= don't work, we'll take care of you
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