Minnesota Management and Budget today released a state economic forecast showing a projected $3.7 billion surplus for the current budget cycle (FY 24-25) and a $1.5 billion projected budget deficit in 2026-2027. Context: Last year, DFL lawmakers passed a $72 billion state budget (increasing spending by 38%), used every dollar of...
MBP releases 2024 Legislative Priorities
The Minnesota Business Partnership today released its 2024 Legislative Priorities, providing policy recommendations to lawmakers on Jobs and the Economy, Education and Workforce, and Health Care. The MBP's policy agenda is centered on bipartisan, pro-growth solutions that help businesses innovate, invest, and expand in Minnesota. This year's legislative priorities are...
MBP Statement On Court Halting “Unconstitutional” New Election Law
The US Federal District Court for the Minnesota District issued an order Wednesday afternoon enjoining a new law that would unconstitutionally restrict the rights of corporations to engage in political speech. The new law – which would have restricted the ability of so-called foreign-influenced corporations to engage in political speech...
MBP Statement Regarding State Budget Forecast Showing Looming Deficit
Minnesota Management and Budget today released a state economic forecast showing a projected $2.4 billion surplus for fiscal years 24-25, but there is a projected budget deficit for the following biennium. The “significant structural imbalance” in FY 26-27 is the result of higher estimated spending on health and human services...