Minnesota is facing a grim next few fiscal years.
Minnesota Management and Budget (MMB) Commissioner Myron Frans on Friday warned legislative leaders of a $4.7 billion projected revenue shortfall for fiscal years 2022-23 after restrictions put in place to slow the spread of COVID-19 caused tax revenues to plummet and costs to increase. Read More
The economic shutdown has turned Minnesota’s projected $1.5 billion budget surplus into a $2.4 billion deficit, state officials announced Tuesday. Read More
Minnesota Management and Budget’s annual February economic forecast projected a budget surplus of $1.513 billion for the 2020-21 budget cycle. Read More
Minnesota Senate Republicans unveiled their “Get Your Billion Back” plan Thursday, a package of tax cuts worth more than $1 billion. Read More
by Bethany Blankley The nation’s only divided legislature has reached agreements on all of its remaining budget disputes, Gov. Tim Waltz and leaders of the Senate Republican and House Democratic majorities said Thursday. They reached a compromise on the biggest part of the budget during Thursday’s special session –… Read More