SAINT PAUL, Minn. – Earlier today, Minnesota Management and Budget announced a projected positive budget balance of $641 million for the 2020-21 biennium. While this updated forecast reveals stronger economic resiliency for the state it also projects $1.237 billion shortfall for 2022-23. In response, Senator Karla Bigham (DFL-Cottage Grove) released the following statement:
“Today’s budget forecast is a reason for cautious optimism as we look ahead to providing relief to Minnesotans who are still hurting from the effects of this pandemic on our health, our economy, and our future. While uncertainty remains for the economic long-term, it’s abundantly clear that the state must deliver economic stimulus to those workers and small businesses that have been devastated by this virus. Our state support would go even further with another COVID relief package from the federal government that can support local and state government as well as frontline workers and affected businesses.”
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