state budget

Senate Passes Legislation Adding Inflation to Future State Budget Forecasts

Measure increases transparency and provides full picture of Minnesota’s finances

SAINT PAUL, MN – The Senate passed legislation allowing the Minnesota Department of Management and Budget to include inflation in future state budget forecasts in a bipartisan 35-30 vote Monday. The bill provides transparency and a clear picture about Minnesota’s finances, according to chief author and Finance Committee Chair Senator John Marty (DFL-Roseville).