Amid Deteriorating Budget Picture, Divided Minnesota Legislature Faces Difficult Budget Negotiations
By EsqSocial Corporation 13/03/25
Minnesota’s budget and economic outlook for the next two years has deteriorated amid “significant near-term economic and fiscal uncertainty” according to Minnesota Management and Budget’s latest budget forecast. The state’s surplus for the FY 2026-27 biennium is now projected to be $456 million, $160 million lower than projected by MMB last November. The deficit previously projected for the FY 2028-29 biennium has increased to almost $6 billion, $852 million more than November estimates....
By: Faegre Drinker Biddle & Reath LLP