SAINT PAUL, Minn. – The Minnesota Management and Budget Office projected a $2.4 billion budget deficit for the state’s current biennium according to information released Tuesday. In response, Senator Karla Bigham (DFL-Cottage Grove) released the following statement.
“We knew that the unprecedented crisis before us would challenge our state’s budget and the wider economy. While the effects of COVID-19 have taken us from a projected budget surplus to a deficit, it does not change our focus on protecting and supporting Minnesotans during this time. Thanks to the strength of our budget reserve and the economic foundations of our state, we are better prepared to respond. Despite the challenges and uncertainty ahead of us, we have an opportunity to pass forward-looking legislation in order to build a better future for all Minnesotans both during and after this public health emergency.”
The updated projection can be found here.