Minnesota's Budget Outlook: Surplus Shrinks as Spending Cuts Loom
TL;DR
Minnesota is at risk of facing a budget shortfall due to a revenue shortfall caused by the COVID-19 pandemic. The state's fiscal deficit is expected to reach $4.7 billion by 2023, leading to potential cuts in public services and increased taxes to address the shortfall.
Topics:nationeconomy#budget-shortfall#economy#fiscal-deficit#minnesota#revenue-shortfall#state-finances
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- Gov. Walz seeks to temper budget expectations. Flu season is upon us MPR News
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