Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

From surplus to 'tsunami': Pandemic dims bright forecast for Minnesota's budget

 

Glen Stubbe – Star Tribune

Gov. Tim Walz, left, and Budget Commissioner Myron Frans presented a scaled-back supplemental state budget on March 12.

A month ago, Minnesota leaders were debating how to use an anticipated $1.5 billion surplus. On Monday, they were facing a radically different picture of hiring freezes, potential deficits and plummeting revenue brought on by the COVID-19 crisis.

"We are waiting for a tsunami of revenue to not show up," state economist Laura Kalambokidis warned a Senate working group Monday.

https://www.startribune.com/covid-19-bashes-minnesota-budget/569420352/



 

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