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Ortonville, Minnesota
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January 21, 2003     The Ortonville Independent
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January 21, 2003
 

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OUp OF BES CHILDREN are showing the mistletoe they made from "Christmas Around the World" from France. BRICE .DEMPEY, second grader, is preparing lefsa during Christmas "Around the World- Norway" activities at Bellingham Elementary School. "OB MAATZ AND ISAAC ADELMAN are making Christmas German tradition in the "Christmas Around The World" Bellingham Elementary School. 's finances remain grim Dr. Tom Stinson before the Senate Sen. Gary Kubly nlte Falls) said, unfortu- state's financial picture gnrn. direct quote was problem facing the Kubly said "He will need to make real that would take place in Dr. Stinson also said ;ota will now be able to grow its way out of the there needs to be a fUte structural change m sta nt,' the Department of :ed that the state is budget deficit for r of the 2002-03 budget the 2004-06 biennium million needs the end of June. "Mr. Stinson advised the commit- tee to increase their budget cuts for the 2002-03 budget from the estimat- ed $356 million to $500 million in case the Legislature receives word in May or June that the state's budget deficit has increased," Kubly said. "I agree with the economist. I would rather reduce spending by too much than get caught with a bigger deficit. That situation could lead to a special session and we would be forced to make cuts quickly without much input from the general public." During his testimony, Dr Stinson provided the committee with a groundwork explaining how the bud- .get deficit was created. Factors lead- mg to the shortfall include a decrease in the income taxes that are collected and rising health care costs. "Job losses in Minnesota have exceeded the national average since Lets. Please N ote • II m You are an exception, either because you're attend or for some other scifie reason; your subscription onv lie Independerti will bedue Feb, 1, 2003 take note that this announcement will be the ONLY of renewal you will receive! We will notbe mailing ... so we will be looking forward to receiving renewal by Feb, 1 and look forward, as usual, on our readership, Thank you. $30.00 per year in Big Stone. Lac qui Parle; Swift Counties in Minnesota, Grant and Roberts i ; $34,00 per year for all other coun- South Dakota; and $38.00 per year for Thank you, • .....  EPENDENT STAFF February 2001 ," Kubly- said. "Minnesota was hit particularly hard in the transportation and telecommu- nications industries because large companies' headquarters, for example Northwest Airlines, are located here. When people are not working, the state is not collecting income taxes. In addition to not receiving a paycheck, people are also not earning such things as bonuses and stock options." The state will receive a new budget forecast in February. Sen. Kubly said this information will include econbm- ic data with December employment figures, and revenue results which will tell the state how the economy performed during the holiday season. The state's financial situation could become worse because of gco-politi- cal events (such as war with lraq), a further decline in the financial mar- kets, a weakness in Minnesota's econ- omy, and lower-than-expected pro- jected income tax receipts for tax year 2002. "Tough decisions need to be made," Kubly said. "We need to walk a fine line between making budget cuts and preserving our quality of life. Also we don't want to make decisions that will slow down our economic recovery. For example, cutting off benefits to unemployed workers, fir- ing a significant number of state employees, or cutting off financial aid to college students will not solve the problem and only hurt us in the .future." Sen. Kubly said he is seeking input on how to address the state's budget crisis from District 20 residents. Hc can be reached at 306 State Capital, 75 Dr. Martin Luther King Jr. Blvd., St. Paul, MN 55155-1606, sen.gary.kubly@senate.mn or 651- 296-5094. IN-00000000NDENT Check out our web site at www.ortonviUeindependent.cora ) , Come by our booth and sign up for A FREE WINDOW to be given away at the Milbank Farm & Home Show Wednesday & Thursday, January 22-23, 2003 /Extra special prices during the Farm& Home Showi STOP #v our Boom at tile... Milbank Farm & Home Show! From HURRY... LIMITED TIME! *Ask for details. II • Rates effective January 13, 2003 • Limited time only • $500 minimum deposit • Penalty for early withdrawal 396 DAY TERM Member FDIC *APY OUp OF BES CHILDREN are showing the mistletoe they made from "Christmas Around the World" France. BRICE.DEMPEY, second grader, is preparing lefsa during Christmas "Around the World- Norway" activities at Bellingham Elementary School. -'OB MAATZ AND ISAAC ADELMAN are making Christmas German tradition in the "Christmas Around The World" Bellingham E|ementary School. 's finances remain grim Dr. Tom Stinson before the Senate Sen. Gary Kubly tnlte Falls) said, unfortu- e. state's financial picture gnm. on's direct quote was problem facing the Kubly said "He will need to make real ats that would take place in Dr. Sfinson also said ota will now be able to its way out of the needs to be a fun- structural change in state nt,' nber, the Department of ted that the state is budget deficit for r of the 2002-03 budget the 2004-06 biennium $350 million needs the end of June. "Mr. Stinson advised the commit- tee to increase their budget cuts for the 2002-03 budget from the estimat- ed $356 million to $500 million in case the Legislature receives word in May or June that the state's budget deficit has increased," Kubly said. "I agree with the economist. I would rather reduce spending by too much than get caught with a bigger deficit. That situation could lead to a special session and we would be forced to make cuts quickly without much input from the general public." During his testimony, Dr Stinson provided the committee with a groundwork explaining how the bud- .get deficit was created. Factors lead- mg to the shortfall include a decrease in the income taxes that are collected and rising health care costs. "Job losses in Minnesota have exceeded the national average since ... -- - " Please Note! You are an exception, either because you're atter or for some other scifie reason; yotr subscription :onv lie Independert/will bedue FeK 1, 2003: take note that this announcement will be the ONLY • .wal you will receive! We will notbe mailing es... so we will be looking forward to receivin al by Feb, 1 and look forward, as usual, on our "readership." Thank you. re: $30.00 per year in Big Stone, Lac qui Parle, no Swift Counties in Minnesota, Grant anal Roberts per year for all other coun- Ii ers. I and South Dakota;and $38.00 per year for ) q Thank you, • • • ....  EPENDENT STAFF February 2001 ," Kubly- said. "Minnesota was hit particularly hard in the transportation and telecommu- nications industries because large companies' headquarters, for example Northwest Airlines, are located here. When people are not working, the state is not collecting income taxes. In addition to not receiving a paycheck, people are also not earning such things as bonuses and stock options." The state will receive a new budget forecast in February. Sen. Kubly said this information will include econbm- ic data with December employment figures, and revenue results which will tell the state how the economy performed during the holiday season. The state's financial situation could become worse because of gco-politi- cal events (such as war with lraq), a further decline in the financial mar- kets, a weakness in Minnesota's econ- omy, and lower-than-expected pro- jected income tax receipts for tax year 2002. "Tough decisions need to be made," Kubly said. "We need to walk a fine line between making budget cuts and preserving our quality of life. Also we don't want to make decisions that will slow down our economic recovery. For example, cutting off benefits to unemployed workers, fir- ing a significant number of state employees, or cutting off financial aid to college students will not solve the problem and only hurt us in the .future." Sen. Kubly said he is seeking input on how to address the state's budget crisis from District 20 residents. Hc can be reached at 306 State Capital, 75 Dr. Martin Luther King Jr. Blvd., St. Paul, MN 55155-1606, sen.gary.kubly @ senate.mn or 651 - 296-5094. INDEPEND00ENT ( Check out our web site at www.ortonviUeindependent.com Come by our booth and sign up for A FREE WINDOW to be given away at the Milbank Farm & Home Show Wednesday & Thursday, January 22-23, 2003 S Extra special prices during the ' STOP by our Booth at the... Milbank Farm & Home Show! From HURRY... LIMITED TIME! *Ask for details. • Rates effective January 13, 2003 • Limited time only • $500 minimum deposit • Penalty for early withdrawal 396 DAY TERM "Because we care" *APY II age LENDER Member FDIC enBank 113 NW 1st Street * Ortonville, MN 56278 .)! x Phone 320-839-6123 " 1-800-335-8920 • Fax 320-839-6127 24-hour banking 1-877-569-2265 • www.cenbank.com ;,',' % :