News & Press: Ewald at the Capitol

Ewald at the Capitol: Budget News, New Laws, Special Session

Friday, August 7, 2020   (0 Comments)
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Budget News

During next year’s regular legislative session, lawmakers will need to craft a balanced budget per our state’s constitution. Unfortunately, they may face a budget deficit. Although the official forecast does not come out until November, Minnesota Management and Budget recently released a required planning estimate ahead of August bond sales, which currently projects a possible $4.7 billion deficit next biennium. In addition, the estimated budget deficit for the current biennium is $2.3 billion.

Read more: New Laws, August Special Session


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