Blog posts from December 2017

December 19, 2017 · By Krista Kaput

Last week we wrote about Minnesota’s November budget forecast, which showed that the state is projected to have a $188 million deficit for the final year of the 2018 and 2019 biennium. While the small deficit is hardly a case for alarm, the forecast did indicate that unexpected cost increases in special education services is one of the biggest drivers of the deficit...

December 14, 2017 · By Krista Kaput

Last week, the Minnesota Management and Budget (MMB) Office released the November Budget and Economic Forecast for the state, which showed a $188 million projected deficit for the final year of the 2018 and 2019 biennium.

According to the forecast, the deficits are due to a reduced U.S. economic growth forecast and impacts of legislation enacted during the 2017 session. The forecast also noted, “At this time, it is unclear what tax law changes will emerge from the U.S. Congress and how those...