Thursday, December 17, 2020
12:00 pm - 1:00 pm
WEBINAR: Thursday, December 17th at noon CST via Zoom
On Tuesday, Minnesota Management and Budget forecast a surplus of $641 million for the year ending next June, but a deficit of $1.273 billion for FY 2022-23. This next biennium will be the main focus of the upcoming 2021 legislative session.
As explained in our new paper Minnesota’s Budget Deficit: Why we should make spending cuts and not raise taxes, economists John Phelan and Martha Njolomole argue that policymakers should rely on spending cuts, not tax hikes, to close this forecast deficit.
Full report here.
Watch this recorded event here.