Major pieces of the governor's budget proposal, which would erase the state's $935 million projected deficit:

Use of reserves and other funds -- $592 million, including:

• $250 million from state budget reserve

• $250 million from health care access fund surplus

Spending cuts -- $341 million, including:

• $187 million in health and human services spending

• $54 million in higher education spending

• $17 million in public safety spending

Additional revenue -- $157 million, including:

• $102 million from elimination of a tax exemption used by some corporations to shield earnings from overseas operations

Tax reductions -- $88 million, including

• $77 million from one-eighth of 1 percent cut in state sales tax

New initiatives -- $62 million, including:

• $20 million for I-35W victims compensation fund (another $20 million would come from the trunk highway fund)

• $12 million for SEED program, designed to stimulate business development in rural Minnesota

• $6 million for military and veterans package

Sources: Governor's office, Associated Press