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Associated Press, Published February 27 2012

Update on Minnesota's financial health expected

ST. PAUL (AP) — State lawmakers are hoping for good news this week when budget officials release an updated projection of Minnesota's financial health.

The state had a modest surplus last December following a tough year with a deficit that topped $5 billion and a fight over how to fix it. That led to a state government shutdown last summer.

Republican Sen. Julianne Ortman, of Chanhassen, tells Minnesota Public Radio, she's expecting a surplus of $876 million when budget figures are updated Wednesday. Other lawmakers aren't so sure. DFL Sen. Terri Bonoff, of Minnetonka, says it's too early to tell.

Speaker Kurt Zellers says House Republicans will be ready with a budget fix if there's a return to a deficit.

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Information from: Minnesota Public Radio News, http://www.mpr.org

Copyright 2012 The Associated Press.