Oct 072011
Remember that whole state budget deficit thing that resulted in me being unemployed for three weeks? It looks like Minnesota may have to confront yet another deficit when the Legislature reconvenes early next year. It turns out that state forecasters were a tad bit too optimistic in their assumptions about the pace of economic recovery and revenues will be lower than projected last spring. This news isn’t entirely unexpected, but we seem to be caught in an endless, nasty cycle of anticipating deficits, developing half-assed solutions to those deficits, and then confronting another deficit.
I look forward to hearing the Republicans’ moderate and balanced proposals for addressing this latest shortfall.
