The web is atwitter with news that the government “shutdown” may be over soon, but troubles will remain. Gov. Dayton says he will accept an offer from Republican leaders, which includes turning the state’s tobacco settlement into a lump-sum payment. It also further delays payment of money promised to public school districts. (You can read the letter from Dayton, here.)

As I write this, it’s not clear whether the Legislature will accept Dayton’s terms, which includes some items some legislators may consider poison pills.

But let’s say the Legislature says “Let’s make a deal.” What happens then? The conflict-adverse ought to pray for a rip-roaring economic recovery (nowhere in sight) to give a juice to state government revenues. That’s because the deal would continue the pattern of using accounting gimmicks and one-time money to plug the gap between revenue and spending levels that had been planned for in previous years.

To make a clumsy attempt at a nautical metaphor, the ship of state that is taking on water may be making its way into harbor, but we’re a long ways toward making it seaworthy. A deal on the governor’s terms does nothing to resolve the long-standing structural deficit. One could argue that his $500-million bonding number (at a minimum) will only make things worse, as will taking off the table policy proposals (teacher tenure reform, collective bargaining reform, reductions in state government workforce) that could bring some long-term fiscal relief.