Dec 30, 2011 at 10:40 am
ST. PAUL, Minn. (AP) - Minnesota Republican Party officials are pulling the curtain back on what they call "ugly stuff" in their finances.
The party says it's $1.3 million in debt, and that doesn't include $719,000 in legal expenses that may eventually go against their ledger.
Top officials ran through their balance sheet at a news conference Friday in St. Paul.
Jeff Johnson, who chaired a review committee, says the review is a first step toward mending finances. Johnson says the next steps will come after Republicans elect a new chairman on Saturday in St. Cloud.
Johnson says the state party can turn its finances around quickly, and points to the Republican National Committee as a model for doing it.