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<br /> , <br /> ..'<,~,~~~ STATE OF MINNESOTA <br /> ~" ~"'~ <br /> J"r~\ OFF[CE OF THE GOVERNOR <br /> \'i " , ',' '.- <br /> . ~-:j;" <br /> . \',', . ~~.,;, 130 STATE CAPITOL <br /> ""'~'~~~i":/ SAINT PAUL 55 [55 <br /> ARNE H. CARLSON <br /> GOVERNOR <br /> RECEIVED <br /> June 9, 1993 JUN 10 1993 <br /> CITY OF ARDEN HILLS <br /> The Honorable Thomas Sather <br /> City of Arden Hills <br /> 1450 West Highway 96 <br /> Arden Hills, MN 55112-5794 <br /> Dear Mayor Sather: <br /> Now that the 1993 session has been brought to a successful close, it is time to look ahead <br /> at the FY 1994.95 budget. As each of you work through the budget planning process for <br /> the next biennium, there are a number of concerns to keep in mind, <br /> The outlook on the economy is not optimistic. National and regional economic <br /> . indicators do not predict any significant improvement in the state's revenue outlook for <br /> the next two years. In fact, national economic forecasters are more pessimistic than <br /> they were just six months ago, <br /> Consequently, we cannot anticipate any improvement in the biennial state revenue <br /> forecast when the next update is completed in November, To make matters more <br /> difficult, the legislature added $320 million more than originally planned for the '94-95 <br /> budget. <br /> The good news is the adoption of contingency planning authority, reached during the <br /> Special Session. The legislature and I reached an agreement that we will cut spending <br /> rather than increase taxes if the November revenue forecast deteriorates. If the next <br /> forecast indicates declining revenues, it may be necessary to reduce all state general fund <br /> and local government trust fund obligations by up to 1 % of their biennial budget <br /> amounts. <br /> I am writing to you to reaffirm my commitment to this process. I am convinced, and I <br /> trust that the Minnesota Legislature agrees, that reducing government spending rather <br /> than raising taxes to balance the Minnesota budget must be part of fiscal stability for our <br /> state. I am equally convinced this is the choice that Minnesota taxpayers want us to <br /> make. <br /> . <br /> AN EQUAL OPPORTUNITY E\WLOYER <br /> o PRINTED ON RECYCLED PAPER <br /> s,,~ti~:'.75 <br />