Go to HHH home page.
Smart Politics
 


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

Bookmark and Share

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

    Gender Equality in the US House: A State-by State Quarter-Century Report Card (1989-2014)

    A study of 5,325 congressional elections finds the number of female U.S. Representatives has more than tripled over the last 25 years, but the rate at which women are elected to the chamber still varies greatly between the states.

    Political Crumbs

    Final Four Has Presidential Approval

    By edging Michigan in the final seconds Sunday, the University of Kentucky guaranteed that one school in the Final Four this year would be located in a state that was not carried by President Barack Obama in 2012. (Connecticut, Florida, and Wisconsin had previously earned Final Four slots over the weekend). Across the 76 Final Fours since 1939, an average of 3.1 schools have been located in states won by the president's ticket during the previous election cycle. All four schools have come from states won by the president 29 times, with the most recent being the 2009 Final Four featuring Connecticut, Michigan State, North Carolina, and Villanova. On 30 occasions three Final Four schools have been located in states won by the president, with two schools 11 times and only one school six times (the most recent being 2012 with Kansas, Kentucky, Louisville, and Ohio State). There has never been a Men's NCAA Division I Final Four in which no schools were located in states carried by the president's ticket.


    Three for the Road

    A new Rasmussen Poll shows Wisconsin Governor Scott Walker in a dead heat with likely 2014 Democratic nominee Mary Burke. Walker is seeking to win his third consecutive election after prevailing in 2012's recall contest. Eight of his predecessors accomplished this feat: Republicans Lucius Fairchild (in 1869), Jeremiah Rusk (1886), Robert La Follette (1904), Emanuel Philipp (1918), John Blaine (1924), Walter Kohler (1954), Warren Knowles (1968), and Tommy Thompson (1994). Three others Badger State governors lost on their third campaign: Democrat George Peck (1894), Progressive Philip La Follette (1938), and Republican Julius Heil (1942). One died in office before having the opportunity to win a third contest (GOPer Walter Goodland in 1947) while another resigned beforehand (Democrat Patrick Lucey in 1977 to become Ambassador to Mexico). Overall Wisconsin gubernatorial incumbents have won 35 of 47 general election contests, or 74.5 percent of the time.


    more POLITICAL CRUMBS

    Humphrey School Sites
    CSPG
    Humphrey New Media Hub

    Issues />

<div id=
    Abortion
    Afghanistan
    Budget and taxes
    Campaign finances
    Crime and punishment
    Economy and jobs
    Education
    Energy
    Environment
    Foreign affairs
    Gender
    Health
    Housing
    Ideology
    Immigration
    Iraq
    Media
    Military
    Partisanship
    Race and ethnicity
    Reapportionment
    Redistricting
    Religion
    Sexuality
    Sports
    Terrorism
    Third parties
    Transportation
    Voting