I just received word from Ian Marsh that, due to a slower-than expected economy the upcoming forecast calls for a 373 million dollar budget deficit in FY 2008. Though a drop in the bucket compared to the 4 billion dollar deficit inherited by Governor Pawlenty when he took office, look for the caterwalling and gnashing of teeth, along with a death scream by the DFL delegation of the Minnesota House and Senate to raise taxes.
Word to Pawlenty, the DFL and the MN GOP:
You want more revenue? Here's a novel idea.
LOWER THE TAX RATES!
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