Minnesota Senate Media Services
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Capitol Report: Understanding the Latest State Budget Forecast
Posted
December 8, 2017
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December 8, 2017
102
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28:31Now PlayingMinnesota Management and Budget released the latest state budget and economic forecast Tuesday, December 5, which projected a deficit of $188 million dollars in the current biennium, which ends June 30, 2019. The deficit is expected to grow to $586 million dollars the following two years. The budget news brought different views from GOP and DFL legislative leaders, with GOP lawmakers citing healthy economic statistics that demonstrate a growing economy, while DFL lawmakers reiterated their concerns over past tax reductions with current spending targets.
On this week's program, Minnesota Management and Budget Commissioner Myron Frans joins moderator Shannon Loehrke to explain the latest budget news and highlight federal action that could impact the state's economy. Also, Senate Finance Chair Julie Rosen, R-Vernon Center, explains why she remains optimistic about Minnesota's economy and its impact on the state budget.
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