Senator Tomassoni Receives New Economic Forecast From State Budget Officials

Minnesota Management and Budget (MMB) today announced budgetary balances of $1.544 billion in the new biennium and $456 million in the following biennium but warned legislators that economic growth is slowing. To read MMB’s full budget and economic forecast, click here.

“Minnesota’s strong finances are a reflection of our talented workforce, innovative businesses, and exceptional quality of life,” said Senator David Tomassoni (DFL-Chisholm). “However, we cannot take our good fortunes for granted. Over the coming months, lawmakers must exercise caution as we shape a new two-year state budget. If we don’t, we run the risk of jeopardizing the commitments we’ve made to our schools and other priorities.”

MMB will release a revised budget forecast for the new biennium in February 2019. The governor uses the February forecast as a final point of reference to propose a new two-year state budget for lawmakers to consider.

 

Senator David Tomassoni
David Tomassoni represents District 6, which includes portions of Itasca and St. Louis counties in the northeastern part of the state.

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