St. Paul, MN – Today, Minnesota Management and Budget (MMB) released the 2019 November Budget and Economic Forecast with a predicted positive fund balance for the current biennium. Rep. Lyndon Carlson (DFL – Crystal), chair of the House Ways and Means Committee, released the following statement in response to the forecast:
“Today’s budget forecast showcases some successes as well as challenges. Minnesota should be commended for reaching our goal of a sound budget reserve. This is a moving target, but it puts Minnesota in line with a secure future. Other elements of the forecast emphasize the need for cautious, responsible investments. When combined with projected inflation, uncertain federal trade policies, and a shortage of workers, Minnesota will see a deficit in future fiscal years. This session, making prudent, one-time investments in the priorities of Minnesotans, such as education, health care, infrastructure, and workforce development, will ultimately result in a stronger Minnesota for all."
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