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AP sources: $6.2B deficit for Minn., $399M in bank

News Willmar,Minnesota 56201
West Central Tribune
AP sources: $6.2B deficit for Minn., $399M in bank
Willmar Minnesota 2208 Trott Ave. SW / P.O. Box 839 56201

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.