Budget officials released their projections on Tuesday, predicting a $1.2 billion shortfall over the next biennium. Both parties issued releases on the shortfall (GOP DFL) and state leaders made statements on the deficit, from MPR:
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Archives for December, 2009
Northern Lights Express Price Tag Revised to Just Under $1 Billion
State officials have revised the estimated cost of the Northern Lights Express to $990 million. The number could become reality if the Northern Lights Express is built using the “worst case scenario.” Federal money could pay up to 80% of the project, but supporters and the state need to find common ground on what the estimated cost is to submit an application for federal funding.
