Minnesota Gov. Mark Dayton and lawmakers will have to eliminate a $1.1 billion state budget deficit when the session convenes in January, a smaller shortfall than in recent years, as Democrats prepare to take over the Legislature.
The impasse over the fiscal cliff in Washington is casting enormous uncertainty over the economic forecast in Minnesota.
Take a look at any construction site across Minnesota and you’ll see our economic recovery in the works. What’s obvious with every building going up and every load of concrete delivered, is that more and more Minnesotans are going back to work.
Minnesota lawmakers are expecting the worst as the state budget office prepares to release its economic forecast.
The state of Minnesota could be in for another budget battle when the next session gets underway.
A new economic forecast Monday will show whether Minnesota’s $6.2 billion deficit has shrunk since late last year.