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State's budget deficit is a big one

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Minnesotans along with Gov. Tim Pawlenty got some good news Thursday as the state announced a $399 million surplus for this fiscal year.

This is good news for Minnesotans because there will be no need for any short-term borrowing or budget unallotments in the remainder of 2010. It is good news for Pawlenty as he can claim he ended his administration with a budget surplus.

However, remember the economic picture is not as rosy in 2011.

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