Minnesota Senate Media Services
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Governor Walz, Legislative Leaders Respond to Budget News
Posted
February 27, 2020
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February 27, 2020
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57:44Now PlayingGovernor Tim Walz, DFL and GOP legislative leaders addressed the media Thursday, February 27, following the release of the latest state budget and economic forecast.
According to state officials, Minnesota’s outlook is expected to remain stable, although forecasters believe an economic slowdown is possible beginning late next year. The latest economic numbers project a surplus of $1.5 billion dollars for the 2020-21 biennium, while the budget reserve remains at its statutory maximum of $2.3 billion dollars.
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