Minnesota budget surplus updated to $17.5 billion

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Minnesota budget surplus updated to $17.5 billion
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Minnesota's projected budget surplus is now $17.5 billion, state officials announced Monday.

, gives lawmakers a better sense of how much money is on the table as they build the next two-year budget.

But a new law requiring inflation to be factored into the spending side of the forecast means the surplus remains effectively unchanged from theA big chunk of the surplus is one-time money leftover from the current two-year budget cycle. But MMB still predicts revenue will exceed spending in coming years.Democratic Gov.

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