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From left to right: Minnesota Management and Budget Commissioner Tom Hanson, State Economist Tom Stinson and state budget director Jim Schowalter delivered Minnesota's bad news: the state is facing a nearly $5 billion budget deficit, and will likely lose twice as many jobs in the coming year as it has since the recession began a year ago. (MPR Photo/Tim Nelson)
State legislators prepare to battle red ink
Broadcast: Midmorning, 12/05/2008, 9:06 a.m.
St. Paul, Minn. — Minnesota is facing a projected budget deficit of more than $5 billion over the next two and a half years.
Midmorning talks with two state legislators about the options on the table to balance the budget during the next legislative session.
Guests
Ann Lenczewski: DFL-Bloomington, chair of the House Taxes Committee.
Marty Seifert: R-Marshall, House Minority Leader.
Audio
- State legislators prepare to battle red ink (program audio)
Photos
More from MPR
- Budget deficit: Pawlenty remains oppposed to tax increases (12/04/2008)
- The budget forecast calls for pain (12/04/2008)
- Why can't Minnesota run a deficit? (12/03/2008)
- Minnesota cities bracing for more bad economic news (12/02/2008)
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