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State to buy down $636 million in school shifts

Starting later in October, Minnesota schools will start seeing some more of the money that state lawmakers in 2011 delayed to plug a multi-billion dollar budget deficit. Improved tax collections and less spending than anticipated allow for the state to pay $636 million to schools that were delayed to address a $5 billion budget deficit.

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DFL leaders talk priorities, budget

House Speaker Paul Thissen and Senate Majority Leader Tom Bakk gave what Bakk called the “35,000 foot view” of their priorities this session in a news conference Wednesday afternoon, with few specific details on how they will balance a projected $1.1 billion budget deficit or find the funds to invest in their priorities.

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Forecast: Good news, for now

Positive budget news has been in short supply at the Capitol in recent years. So it’s no surprise that Republicans and DFLers alike greeted with relief the surprise announcement that the state is projected to have an $876 million surplus in the current two-year budget cycle.

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