State's next economic forecast likely to be 'zero or negative'
February 24, 2012 — 5:29pm
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Minnesota Management and Budget Commissioner Jim Schowalter said that people expecting a big surplus when the state releases its next economic forecast on Feb. 29 should rethink.
“It’s going to be zero or a negative number because we have so many debts to repay that it is very, very unlikely that we will have a surplus,” Schowalter said.
In December, the state reported a forecast of about $1 billion to the good. But that money is gone now.
“We put all that money in the reserves,” he said.
The good news? “We’ll have at least an economy that is kind of going on track,” he said.
A Duluth native who just barely lost Virginia's GOP gubernatorial primary said that politicians have not gone far enough in condemning the left for violence during a rally of white nationalists in Charlottesville. "I think that the left is going to try to use this as an excuse to crack down on conservative free speech," said Corey Stewart. "I think they're going to try to use this as an excuse to remove more historical monuments."