State's budget woes point to need for long-term reform
Gov. Pawlenty's administration recently reported that, beginning next spring, the state may be forced to borrow money to pay ongoing bills. This is because of lower-than-expected revenue collections.
This news comes on the heels of word that the administration will delay corporate refunds to 461 companies and sales tax refunds of up to 400 businesses until the end of the year. This was the second such delay in six months -- again stemming from the state's poor cash flow situation.
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