Pawlenty to release updated budget
Gov. Tim Pawlenty is expected to release his updated budget proposal at 2:30 p.m. tomorrow. His budget is being adjusted to make sure Minnesota gets federal stimulus dollars that come with certain requirements — especially in the health care area.
The budget also comes after February's updated budget forecast showed that the state's two-year budget deficit had climbed to $6.4 billion. But thanks to an infusion of $1.8 million in federal stimulus dollars, the deficit amount dropped to $4.57 billion.
Senate Democrats unveiled their budget proposal last week, which includes $2 billion in additional revenue and 7 percent across-the-board cuts to all ares of the budget. Most of the revenue increase would come from a tax hike on the state's wealthiest residents. Here's that story .
House Democrats are expected to release their own budget proposal soon.