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Minnesota officials forecast $188 million budget deficit

06 Décembre 2017

Minnesota Management and Budget officials announced Tuesday, Dec. 5, that the state budget is expected to be $188 million short of predictions, which could grow to a $585 million deficit in 2020-2021 if state leaders do nothing.

"(The deficit is) readily correctable and I commit to doing so in the next legislative session", he told reporters in the state capitol, adding that the state will not be tapping its $1.6 billion rainy day fund to balance the budget. But the state supreme court last month sided with Dayton, noting the legislature has access to funding to keep operating until February.

The deficits are based on a reduced USA economic growth forecast and the impact of legislation passed during the controversial 2017 session, says the November forecast issued by Minnesota Management and Budget.

Invisible box challenge is actually pretty amusing
Anderson University football player Dontez Hines also gained attention last month when he posted a video of himself doing it. The technique is to bring the one leg higher than the other as if you're actually stepping over a box".

The state's economic officials were expected to explain the deficit Tuesday afternoon. In the end, the Republican-controlled Legislature and Democratic Gov. Mark Dayton approved a two-year budget with some of each. But their initial estimate faulted slowing economic growth nationwide and the 2017 Legislature's actions for the red ink.

Minnesota officials are about to get an update of the state's financial standing, but Congress's ongoing push to slash taxes means lots of uncertainty in that update. House and Senate negotiators still need to work out the differences between their bills.

Legislators don't convene until February 20, and an updated forecast will be released shortly thereafter.

Minnesota officials forecast $188 million budget deficit