Former Minnesota finance commissioner shares his thoughts on likely state budget shortfall

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Morning Edition’s Cathy Wurzer interviews Peter Hutchinson, the former finance commissioner under DFL Governor Rudy Perpich, about the fact that for the first time in years, budget cuts are likely for the state government. The Ventura administration is telling state department heads and others agencies to find spending cuts of up to 10% in their budgets.

The slowing economy, and recent tax cuts have caused revenues to sink below earlier forecasts. Hutchinson says it's a good thing the Ventura administration is thinking about this shortfall right now.

Hutchinson is currently president of Public Strategies Group.

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