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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