Minnesota Senate Media Services
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Analyzing the November 2020 State Budget and Economic Forecast
Posted
December 4, 2020
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17
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December 4, 2020
17
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5.88%
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9:00Now PlayingState budget leaders released the November Budget and Economic Forecast Tuesday, December 1, which sets a baseline for budget planning in the coming legislative session. The latest numbers show a projected surplus of $641 million dollars for the biennium that ends in June and a projected deficit of about $1.3 billion dollars for the FY2022-2023 biennium. Dr. Laura Kalambokidis, Minnesota's State Economist, joins Capitol Report moderator Shannon Loehrke to delve into the implications of this forecast on the state's economy.
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