Budget fallout: Moody's drops Minnesota rating to 'negative'
The budget fix applied here in Minnesota is already starting to look like a patch on an old inner tube. The Wall Street Journal reports : “Moody's Investors Service revised its outlook on Minnesota to negative from stable , citing strained state finances and the significant use of nonrecurring measures to help balance the state's budget. ... Moody's noted the enacted budget, which assumes spending of $35.9 billion over the next two-year period, doesn't implement any new permanent revenue-raising measures. Instead, it relies largely on nonrecurring measures to solve the budget gap for 54% of the budget solution, while spending reductions make up for the remaining 46%. Minnesota has incorporated nonrecurring measures to fix budget shortfalls since fiscal 2009, when the economic downturn reached the state. Each subsequent year, the state continued to increase the use of one-time measures for a quick fix, creating a structural budget imbalance in future years. Moody's warned the state will face ‘significant obstacles’ in achieving a structurally balanced budget in the next cycle as a result of those actions.” Yes, and we have names and addresses for the most significant obstacles. It’s ‘hunter choice’ this fall. Sam Cook of the Duluth News Tribune writes: “The new hunter choice deer management designation in some permit areas will function like lottery areas, with the difference being that hunters do not need to make a lottery application or possess an either-sex permit to take an antlerless deer. In hunter choice areas, the license is automatically valid for an either-sex deer. In those units, bonus permits are not allowed. If a deer is taken in one hunter choice area, a hunter cannot take another deer in another hunter choice or lottery deer area. The designation was created because the majority of deer permit areas are within their established goal ranges.” I’m sorry, but the only thing less understandable than that is a cell phone contract.
There’s a new sub-caucus in the Minnesota congressional delegation — Michele Bachmann, Keith Ellison, Betty McCollum and Chip Cravaack. Says Martiga Lohn of the AP : “Democrats Keith Ellison and Betty McCollum joined Republicans Chip Cravaack and Michele Bachmann in voting no. The measure passed the House by a 269-161 vote Monday night.
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By AP, WASHINGTON — The winning numbers in Friday evening's drawing of the Dist. of Columbia Lottery's “DC 4 Evening” game were: Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or
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Sam Cook of the Duluth News Tribune writes: “The new hunter choice deer management designation in some permit areas will function like lottery areas, with the difference being that hunters do not need to make a lottery application or possess an
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