Good News/Bad News in Budget Forecast
The state released the February budget forecast Friday, setting the stage for negotiations on the next two-year budget. The good news? The forecast predicts a $3 billion swing in revenue from a $1.3 billion deficit to a $1.6 billion surplus. The bad news? The surplus takes away any incentive for state leaders to reform government and hold down spending. New programs will likely be approved, adding to our $50 billion biennial budget.
And although it appears the Minnesota economy is very resilient and capable of producing more revenue, each time state government grows, we lose...
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