AP sources: $6.2B deficit for Minn., $399M in bank
ST. PAUL, Minn. (AP) -- Minnesota's deficit for the upcoming budget cycle has grown to $6.2 billion, according to a person who was present for a briefing from state finance officials.
A second person who has seen the forecast documents says the state has a $399 million surplus in the current budget year ending in June.
Both people spoke anonymously because they were not permitted to release the information before a Capitol news conference Thursday.
The deficit for the budget cycle that begins in July has worsened since finance officials last outlined their expectations nine months ago, but the short-term positive balance is a bright spot.