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Commissioner Jim Schowalter of Minnesota Management and Budget announces Thursday, Feb. 28, that the state's budget shrank to $627 million from $1.1 billion. Forum News Service photo by Don Davis

Minnesota budget doing $463 million better

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ST. PAUL - Minnesota still has a projected budget deficit for the next two years, but it will be $463 million lower than anticipated late last year.

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"Very good news for Minnesota," Gov. Mark Dayton said early this afternoon.

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