Minnesota forecasts a $616M budget surplus by 2026, down sharply from earlier projections.

Minnesota's latest budget forecast projects a $616 million surplus by the end of 2026-2027, down $1.1 billion from earlier estimates, due to lower tax revenues and increased spending on long-term care and special education. Governor Tim Walz remains optimistic, while lawmakers will need to make budget adjustments for the upcoming legislative session.

December 04, 2024
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