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State Budget Suggestions Minnesota State Legislature Leg State Mn Form

State Budget Suggestions Minnesota State Legislature Leg State Mn Form

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there is no relief in sight for our fiscal woes our project our projections show that the state still has some heavy lifting to do just to get the budget into balance this forecast anticipates a 1.1 billion dollar deficit in the next biennium the same amount is projected at the end of the last legislative session this deficit is the direct result of a continuing mismatch between State revenues and ongoing spending commitments the state's forecast does anticipate New Balances this year which will be used to pay down some of the K-12 payment shifts based on current law we will restore about 1.3 billion dollars of those payment shifts leaving about 1.1 billion dollars still to be addressed this forecast is not without risk most notably despite all the skill and experience of our economists forecasting congressional action remains beyond our reach the federal fiscal cliff is real it's large and it's unresolved it's hard to understate how serious the recessio

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