Pawlenty's budget would ... SPEND $33.6 billion in 2010-11 ... ELIMINATE a projected $4.8 billion deficit ... CUT $2.4 billion in projected spending, including $1.3 billion from health and human services, $522 million from local government aid, $313 million from higher education ... SHIFT $1.3 billion in K-12 payments ... INCREASE K-12 school funding by up to $156 million, largely tied to student achievement and Q Comp teacher compensation ... BORROW $1 billion via bonds tied to tobacco payments ... COUNT ON $920 million in federal stimulus money ... and REDUCE business taxes by $287 million.