Minnesotans can look forward to another tax rebate. The state has banked a 345-million dollar surplus since last July, and by law, that money along with any additional surplus projected for fiscal year 2000- must go to a tax rebate. Earlier this year, the state gave back 645-million dollars from the last fiscal year's surplus. That was only HALF of what the state had given back a year earlier. Tomorrow, state budget officials will release the state budget forcast that will project the surplus for the 2000-2001 and 2002-2003 fiscal years. Art Rolnick is Vice President and Director of Research at the Federal Reserve Bank of Minneapolis. I asked him what the projected surplus says about the Minnesota economy: