Posts Tagged ‘state budget deficit’

Budget Deficits on the Horizon

With an official projected state budget surplus of $329 million in the current fiscal year (FY) 2018-19 biennium and $580 million in the upcoming FY 2020-21 biennium, some state lawmakers are giddy about the prospects of more tax cuts during the 2018 legislative session. However, there are at least three good reasons why Minnesota policymakers…

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State Deficit Worse Than It Appears

True to expectations, the condition of Minnesota’s finances has deteriorated from what was projected at the end of the 2017 special session. Based on the November forecast released earlier today, a modest deficit is now projected for the current fiscal year (FY) 2018-19 biennium and a significant deficit is projected for the upcoming FY 2020-21…

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