By Jonathan Avise
Gov. Mark Dayton addresses the media regarding the November Budget and Economic Forecast on Friday Dec. 2. Photo by Paul Battaglia
A Republican-controlled Legislature and DFL Gov. Mark Dayton are projected to have a $1.4 billion surplus available as they craft the state’s biennial budget during the upcoming 2017 legislative session.
The November Budget and Economic Forecast, released Friday, is the second of two annual reports prepared by Minnesota Management and Budget. It painted a stable fiscal picture for the state, little-changed from the previous forecast in February.
“This forecast may sound boring to you all,” MMB Commissioner Myron Frans said during a news conference Friday. “But, trust me, in this case boring is good.”
The release of another report on the state’s fiscal health is due in late February, but Friday’s forecast release sets the stage for the governor and legislative leaders to begin laying out their priorities for the 2017 legislative session, which begins Jan. 3. Lawmakers must complete their work by May 23.