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We Faced a $4.5 Billion Problem in <br />the November Forecast <br /> Fy02-03 FY04-05 <br />Beginning Balance $1,574 $(332) <br />Revenues 25,194 26,857 <br />Spending 27,100 30,975 <br />Reserves 24 <br />-.- 110 <br />--- <br />Forecast Shortfall $(356) $(4,560) <br />Governor Pawleniy's FY 2004-05 Budget <br />Governor's Proposed Budget Solves <br />the $4.5 Billion Shortfall <br /> Forecast Governor <br /> FY04-05 FY04-05 <br />Beginning Balance $(332) 186 <br />Revenues 26,857 28,438 <br />Spending 30,975 28,120 <br />Reserves 110 500 <br />Forecast Deficit $(4,560) $4 <br />Governor Pawlenty's FY 2004-OS Budget <br />• <br />:~ <br />6 <br />