Budget surplus shrinks by $500 million in new state economic forecast

The political battle over Minnesota's budget got even more complicated Thursday, as a new economic outlook predicted the state will bring in less money than anticipated in the years ahead.

The state's projected budget surplus shrunk to a little more than $1 billion, down nearly $500 million from a previous estimate late last year. The trend of slower economic growth is expected to continue in the future.

http://www.startribune.com/budget-surplus-shrinks-to-1-billion-in-new-state-economic-forecast/506491272/