Minnesota Facing $1.1 Billion Deficit

By KBJR News 1

Minnesota Facing $1.1 Billion Deficit

December 5, 2012 Updated Dec 5, 2012 at 10:19 AM CST

St. Paul, MN (NNCNOW.com) --- State finance officials are projecting a $1.1 billion deficit for Minnesota for the 2014-2015 biennium.

Minnesota Management and Budget is expected to release more details later today about the estimated billion dollar deficit in St. Paul.

According to state finance officials, Minnesota may be able to repay $1.3 billion in delayed school aid.

Following November's election, the DFL will control the House, Senate and Governor's office come January.

Political experts say that political gridlock over the budget is less likely next year especially after the gridlock in 2011 that caused a government shutdown.

Posted to the web by Krista Burns