Tuesday, May 19, 2009

Minnesota: Budget Deal Awaits Governor's Action

According to StarTribune.com, the Minnesota legislative session ended yesterday without a budget deal.

The DFL-led House and Senate did pass an extremely large $2.7 billion bill that would erase the state's budget deficit through a $1 billion tax increase and a one-time shift. However, the Governor has vowed to use his veto power and unilaterally cut the bill or use "unallotments" to balance the budget without tax increases.

We shall see.