Today, Minnesota Management and Budget (MMB) released the 2019 November Budget and Economic Forecast, showing a balance of $1.332 billion for the 2020-2021 biennium. Additionally, the Economic Forecast revealed that Minnesota continues to have low unemployment and a stable budget.
Although Minnesota's economy is performing well, we must remain cautious and fiscally judicious. When we take inflation into consideration, our state faces significant budget deficits in the future, which would undermine our ability to deliver a world-class education, safe transportation infrastructure, and good health care for Edina families. Making smart investments in these core values will build a better Minnesota for all of us.
Please don’t hesitate to reach out with input on what budgetary values are important to you and your family.