Commissioner Jim Schowalter of Minnesota Management and Budget speaks Wednesday as State Economist Tom Stinson looks on during the release of a new Minnesota state budget forecast. Tribune photo by Don Davis
Minnesota's budget surplus already spent
ST. PAUL -- Minnesota's economy is doing better than the country, helping generate a modest state budget surplus, but that does not translate into extra money.
That is because the money, in essence, already is spent.
State finance officials Wednesday announced a $323 million projected surplus, because a little more revenue is coming in and, mostly, less money is being spent.
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