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Remember When I Said The Deficit Was Going To Be Nearly $2 Billion….

…. yeah, double that. (emphasis mine)

State House and Senate fiscal analysts are predicting a deficit of as much as $4 billion for the coming two-year budget period.

The prediction was contained in a chart shown to members of a legislative planning panel on Friday.

The analysts say their calculations aren’t as comprehensive as those made by state finance officials, who will give an official budget forecast on Dec. 4.

Still, the projections are prompting state leaders to prepare for a tough session next year.

Democratic House Speaker Margaret Anderson Kelliher says the chart is frightening.

Gov. Tim Pawlenty said on his weekly radio show that he expects a multi-billion-dollar deficit and the state will have to tighten its belt.

DFL Senate Majority Leader Larry Pogemiller says lawmakers might start by reorganizing the Department of Employment and Economic Development, where he says a shakeup is needed.

But Pawlenty spokesman Brian McClung says cutting job creation programs during bad economic times is a bad idea.

Watch for the DFL to target every free market capitalist program we have, not that we have many. Oh and it will be interesting to see if they will bring up the Southwest Corridor and Viking’s Stadium. 

Afterall, the Vikes will soon be the loan inhabitants of the Dome and well, these people are addicted to mass transit boondoggles.

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This entry was posted on Friday, November 21st, 2008 at 7:33 pm and is filed under It's The Spending Stupid, MN Governor, Minnesota, Politics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Remember When I Said The Deficit Was Going To Be Nearly $2 Billion….”

  1. bmetzler says:
    November 24, 2008 at 1:42 pm

    Isn’t $4 billion about $750 for every person in MN?