Minnesota to Face Projected $4.7 Billion Shortfall for Fiscal Years 2022-23

 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.

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Minnesota’s Projected Budget Surplus Increases $181 Million in New Forecast

Minnesota Management and Budget’s annual February economic forecast projected a budget surplus of $1.513 billion for the 2020-21 budget cycle.

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Divided Minnesota Legislature Reaches Agreement on Major Budget Areas

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 –…

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