Minnesota budget forecast projects potential $6B deficit by 2029

A downbeat Minnesota budget forecast initiates lawmaker blame game - Albert Lea Tribune

By Clay Masters, Minnesota Public Radio News Minnesota’s budget pinch is even tighter now and the resulting finger pointing is as sharp as can be. An economic forecast released Thursday shows state officials have less money to work with in setting the next two-year budget, the primary task of a legislative session nearing the half-way point. Lawmakers also have a larger deficit to worry about down the road if they don’t make big cuts or find new…

Tim Walz Gets Brutal Update While Potential Run For POTUS Gains Little Steam

Minnesota Governor Tim Walz is confronting significant political headwinds as he contemplates a potential run for the presidency in 2028. Recent developments, including a substantial projected state budget deficit and questions about Democratic leadership, have cast a shadow over his national aspirations.​ Minnesota’s latest budget projections reveal that the state’s looming deficit has ballooned to nearly $6 billion—an increase of $1 billion fr…

Minnesota budget projections show impending deficit growing to $6 billion

ST. PAUL — The Minnesota Management and Budget office on Thursday said the state’s looming deficit is now projected at $6 billion, $1 billion higher than November estimates. Minnesota Management and Budget officials said during a February Budget Forecast review on Thursday, March 6, that Minnesota’s estimated deficit for the 2028-29 fiscal year had risen in the last three months. The November budget forecast said the state would hit a $5 billion…

Blame game escalates as Minnesota’s budget forecast worsens

Minnesota has a couple of years to go before a big budget mess that’s inevitable without some big changes.

Minnesota budget projections show worsening $6 billion impending deficit

ST. PAUL — Thursday morning’s summary report for state budget projections shows a worsening looming deficit of $6 billion by fiscal years 2028-29 and a $456 million surplus for Minnesota in fiscal years 2026-27. Minnesota Management and Budget will release their full budget forecast at noon Thursday, March 6, and the projections will inform the budget lawmakers pass this session. Thursday’s projected surplus is down to $456 million, $160 million…

Minnesota’s near-term surplus shrinks, while projected future deficit grows to $6 billion

Much has changed at the federal level since the state’s last economic forecast projected a $5.1 billion deficit in the 2028-2029 biennium.