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Minnesota faces a $5.1 billion budget deficit by 2027, reversing a $616 million surplus.
Minnesota's financial outlook for the next two years is tighter, with a projected $616 million surplus shrinking to a $5.1 billion deficit.
The state's economic forecast, due Thursday, will guide lawmakers in crafting a budget, highlighting lower tax revenues and higher spending.
Governor Tim Walz will adjust his budget plan to address the shortfall, possibly using a $3.5 billion emergency fund.
Lawmakers are seeking spending cuts and efficiency improvements to balance the budget.
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Minnesota enfrenta un déficit presupuestario de 5.100 millones de dólares para 2027, revirtiendo un superávit de $616 millones.