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State budget talk

Jay Kiedrowski puts this year's budget deficit into perspective.

"There's a billion dollar deficit which is about 3% of the budget and I expect that the governor is going to propose tax reform that's going to affect all of the taxes and raise some revenue as a result. The good news is that it's not nearly as bad as it was two years ago when the deficit was $5 billion so the lesser amount is clearly good news."

WCCO-TV
December 6, 2012

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Hubert H. Humphrey Institute of Public Affairs