Sinking budget gets brief life raft
ST. PAUL -- Federal money may have saved Minnesota's budget this year, but state leaders warn that economic problems are far from over.
Economic stimulus funds approved last month by Congress and President Obama lowered Minnesota's projected 2010-2011 budget deficit from $4.8 billion to $4.6 billion.
But the 2012-2013 deficit is expected to be even larger.
On the other hand, federal funds mean no deficit is expected in the current budget, with four months remaining.
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