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Minnesota gets $1.2 billion in good news on economic forecast


ST. PAUL -- Minnesota's new budget deficit reportedly will be about $5 billion, down from $6.2 billion.

Still, the state faces a massive deficit that legislators and the governor will debate through the spring.

The $5 billion figure for the next two-year budget was reported before the official announcement later today. The official announcement will include details about why the deficit dropped and what could happen if the economy takes another turn.

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Don Davis
Don Davis has been the Forum Communications Minnesota Capitol Bureau chief since 2001, covering state government and politics for two dozen newspapers in the state. Don also blogs at Capital Chatter on Areavoices.