politics
Spending reductions*
- Updated: January 27, 2009 - 9:51 PM
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Health and human services $1.3 billion
Aid to local governments $522 million
Higher education $313 million
ACCOUNTING SHIFTS
K-12 education $1.29 billion
NEW REVENUE
Tobacco appropriation bond sale $983 million
Anticipated federal aid $920 million
SPENDING INCREASES AND TAX CUTS
K-12 $156 million
Business tax cuts $287 million
Increase in budget reserve $250 million Highlights of Gov. Tim Pawlenty's budget proposal for the 2010-11 period (July 2009 through June 2011), broken into several categories.
Projected deficit: $4.8 billion * Reductions are as compared with spending that had been projected for the 2010-11 budget period. Source: Minnesota Management and Budget
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