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~~~~ The Problem is Not that We Don't <br />=~ Tax Enough <br />/ Minnesota ranks 6rh in total state and local taxes <br />per capita <br />/ The current budget is spending $1.9 billion more <br />than is being collected <br />/ Forecast revenues will grow $1.7 billion (6.6 <br />percent) -not enough to fill the current spending <br />hole <br />/ Spending was projected to increase $3.9 billion <br />(14.3 percent) <br />Governor Pawleniy's FY 2004-OS Budget <br />`~ We Spend More Than the Majority of <br />~~ <br />` ~~ All Other States <br />State and Local Spending Per Capita <br />Adjusted for inflation (in 2000 $) <br />-~ Minnesota <br />$3, 66 t US Average <br />89 90 91 92 93 94 95 96 97 98 99 00 <br />Govemor Pawlenty's FY 2004-OS Budget <br />• <br />;~ <br /> <br />4 <br />