The "Truth in Taxation" hearing is next Monday (room 317 City Hall, 5:05
p.m.), but not much has been discussed since the Strib article about the
$278 million pension shortfall.  LGA subsidies for Minneapolis from State
taxpayers seem a little tenuous.......

>From today's Strib story......

"After several years of deficits, Minnesota will again start the coming
budget cycle in the red, with a projected deficit of $700 million for
2006-07, according to the state economic forecast released today.

That figure does not include any allowance for inflation, which could add
another $600 million.

That means that in the coming legislative session, lawmakers would have to
come up with about $1.3 billion just to erase the shortfall and maintain the
current level of services."

http://www.startribune.com/stories/587/5113899.html

Vicky Heller
North Oaks and Cedar-Riverside

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