ST. PAUL, Minn. (GRAY) – Last week’s November forecast from Minnesota Management and Budget once again showed a deficit in FY 28-29, a number that will set the tone for next spring’s legislative session.

The state’s economic outlook was slightly better than it was in February, thanks in part to efforts from the legislature.

“Thanks to their leadership, we are in a stronger place to respond to a more challenging budget situation,” said Minnesota Management and Budget (MMB) Commissioner Erin Campbell.

The February forecast had predicted a $6 billion deficit in the out years, but the latest forecast shows around $3 billion. While it’s an improvement, the deficit has risen by around $1.8 billion from the end of the legislative session, according to MMB.

The forecast sets the stage for a

See Full Page