Minnesota deficit: $5.2 billion
ST. PAUL - A historic budget deficit of $5.2 billion faces Minnesota policymakers.
The deficit for the two-year budget that begins July 1 will be $4.8 billion, The Associated Press reported, with the remaining $426 million coming out of the budget in the next six months.
When Gov. Tim Pawlenty took office in 2003, he faced a then-record nearly $4.6 billion deficit.