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Minnesota's 2010 Budget Deficit Among Top 10 Largest In Nation

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With updated budget numbers expected in the coming weeks, Minnesota’s current $2.6 billion projected budget gap for 2010 ranks as one of the top 10 largest in the nation, according to new numbers compiled by the Naitonal Conference of State Legislators.

Minnesota’s 14.7 percent budget deficit ($2.6 billion) for 2010 is the 10th largest in the country, as a percentage of the state’s general fund budget.

All but four states (Montana, North Dakota, West Virginia, and Wyoming) have reported budget gaps for either 2009 or 2010. And more than 30 states are already reporting budget gaps for 2010, with more expected to be added to that list in the coming month.

The Gopher State also has the third highest deficit in the Midwest, behind Wisconsin (ranked #7 at 17.2 percent) and Kansas (#8 at 17.0 percent), but greater than Michigan (#14, 12.3 percent), Iowa (#17, 11.5 percent), Nebraska (#27, 7.3 percent), and South Dakota (#28, 6.7 percent).

Some states, such as North Dakota, are expecting budget surpluses of hundreds of millions of dollars while others have much larger reserve funds to alleviate any potential budget shortfall (such as Indiana, at $1.4 billion).

The new February forecast for Minnesota’s budget is expected to be delivered by State Economist Tom Stinson on March 3rd.

FY2010 Budget Deficit As a Percentage of State General Fund Budget

Rank
State
Percent
1
Nevada
37.6
2
Arizona
28.2
3
California
22.3
4
Louisiana
19.8
5
Washington
18.5
6
Hawaii
18.0
7
Wisconsin
17.2
8
Kansas
17.0
9
Vermont
16.5
10
Minnesota
14.7
11
Connecticut
13.6
12
Rhode Island
13.1
13
Delaware
12.9
14
Michigan
12.3
15
Maine
12.2
16
Maryland
11.7
17
Iowa
11.5
18
Virginia
11.2
18
Florida
11.2
20
Georgia
11.0
21
Massachusetts
10.7
22
Idaho
10.0
23
South Carolina
9.1
24
Utah
9.0
24
Tennessee
9.0
26
Oregon
7.7
27
Nebraska
7.3
28
South Dakota
6.7
29
Texas
5.1
30
Colorado
4.6
31
New York
4.5
32
Oklahoma
4.4
 
Alabama
N/A
 
Alaska
N/A
 
Arkansas
N/A
 
Illinois
N/A
 
Indiana
N/A
 
Kentucky
N/A
 
Mississippi
N/A
 
Missouri
N/A
 
Montana
N/A
 
New Hampshire
N/A
 
New Jersey
N/A
 
New Mexico
N/A
 
North Carolina
N/A
 
North Dakota
N/A
 
Ohio
N/A
 
Pennsylvania
N/A
 
West Virginia
N/A
 
Wyoming
N/A
N/A = information not yet available or state not projecting a budget deficit for 2010. Source: compiled from “Update on State Budget Gaps: FY 2009 & FY 2010,? National Conference of State Legislators.



Previous post: How Bad Are Things In Minnesota, Really?
Next post: Is the DFL 'Overrepresented' at the State Capitol?

1 Comment


  • Minnesota should pay down its deficit by taxing its economy-inducing land assessments - other states, also.

  • Leave a comment


    Remains of the Data

    Who Has Won the Most Votes in US Senate Electoral History?

    Only three of the Top 10 and nine of the Top 50 vote-getters of all time are currently serving in the chamber.

    Political Crumbs

    Six for Thirteen

    Collin Peterson remarked last month that he is leaning to run for reelection to Minnesota's 7th Congressional District in 2016. If he does and is victorious, he will creep even closer to the top of the list of the longest-serving U.S. Representatives in Minnesota history. The DFL congressman is only the sixth Minnesotan to win at least 13 terms to the U.S. House of the 135 elected to the chamber in state history. Peterson trails 18-term DFLer Jim Oberstar (1975-2011), 16-term Republicans Harold Knutson (1917-1949) and August Andresen (1925-1933; 1935-1958), and 14-term DFLers Martin Sabo (1979-2007) and John Blatnik (1947-1974). Andresen died in office, Sabo and Blatnik retired, and Knutson and Oberstar were defeated at the ballot box in 1948 and 2010 respectively. At 70 years, 7 months, 11 days through Monday, Peterson is currently the ninth oldest Gopher State U.S. Representative in history. DFLer Rick Nolan of the 8th CD is the seventh oldest at 71 years, 1 month, 23 days.


    Seeing Red

    Congressman Nick Rahall's failed bid for a 20th term in West Virginia this cycle, combined with a narrow loss by Nick Casey to Alex Mooney in Shelley Moore Capito's open seat, means that West Virginia Democrats will be shut out of the state's U.S. House delegation for the first time in over 90 years. The Republican sweep by two-term incumbent David McKinley in the 1st CD, Mooney in the 2nd, and Evan Jenkins over Rahall in the 3rd marks the first time the GOP has held all seats in the chamber from West Virginia since the Election of 1920. During the 67th Congress (1921-1923) all six seats from the state were controlled by the GOP. Since the Election of 1922, Democrats have won 76 percent of all U.S. House elections in the Mountain State - capturing 172 seats compared to 54 for the GOP.


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