WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white
Mendota Heights Police Officer Killed: Tune In To WCCO Radio For Live Coverage | Full Story

Local

Minn. Officials Predict $1 Billion Budget Surplus

View Comments
Minnesota State Capitol, St. Paul, st paul, generic, government

(credit: Mark Erickson/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Full Interview: Jesse Ventura Talks After Trial
  2. 4 Things To Know For 7/30
  3. Remarkable Softball Player Gets A Look At His Dream Job
  4. Lake Calhoun Hosting Paddle For Humanity
  5. The Lowdown: 'N Sync Album & 'Sharknado 2'

ST. PAUL, Minn. (AP) — Minnesota finance officials are predicting a state budget surplus of more than $1 billion.

That estimate released Thursday means the state can fully pay the remaining IOUs to public schools that piled up during tougher budget times. And it leaves $825 million left for lawmakers to work with during their election-year session.

The Department of Minnesota Management and Budget’s comprehensive review of tax-and-spending patterns will help set expectations for the session that starts in February.

Gov. Mark Dayton and lawmakers from both parties planned to address the report at news conferences.

The report has an immediate impact for schools, which will receive $246 million in payments that had been previously deferred. The state is also replenishing an airport account from which lawmakers diverted $15 million five years ago.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus