Bakk: State faces deep budget crisis
Taxes can't be raised high enough or state spending cut enough to take the state out of its looming deficit, says Sen. Tom Bakk.
The state faces a $1.2 billion budget deficit in the current biennium and $5.4 billion in the next two-year budget cycle, a problem that demands immediate attention, says Bakk, DFL-Cook, who is also a Democratic candidate for governor.
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