Wednesday, January 30, 2008

MN BUDGET GAP MAY GET BIGGER

State Economist Tom Stinson said Minnesota tax revenues continue to lag and the projected $373-Million shortage forecast in November may become larger. Stinson said he won't be able to make a good budget prediction until the next economic forecast numbers are released in late February. Stinson told those attending a Minnesota Council of Nonprofits meeting yester that there will certainly be less money flooding into Minnesota government but the question is how much. The state ecnomist said he'll have a better idea when he gets a look at last month's sales tax totals and some income tax numbers from this month.

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