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Stormier Weather Ahead: Budget Forecast Briefing with the State
Economist on January 13
The state’s November Economic
Forecast revealed a $5.5 billion deficit for the upcoming budget
biennium when inflation is included. Nonprofits of all sizes and
focus areas have a stake in understanding where the state’s
economy is headed and what the consequences are for the state budget.
To help explore the forecast and what it means for the 2009 Legislative
Session, the Minnesota Budget Project, is hosting our second annual
briefing with State Economist Tom Stinson on Tuesday, January
13 at the Wilder Center.
Learn more
about the event and register.
Minnesota Budget Project Hiring an Outreach Coordinator
The Minnesota Budget Project is now accepting applications for
an Outreach Coordinator. The Outreach Coordinator will work primarily
on two policy goals: raising additional state revenues fairly, and
ensuring that low-income people are not harmed through efforts to
address climate change.
To find out more, see
the job description.
The deadline for applications is Wednesday, January 21.
2008 Legislative Session Ended with Short-term Solutions
In the 2008 Legislative Sesssion, policymakers relied heavily on
one-time revenues to solve the budget deficit, did little to solve
the deficits already looming in the future, and cut significantly
from the state's health and human services. New analysis from the
Minnesota Budget Project, Punting the Problem: 2008 Legislative
Session ends with a short-term solution, takes a close look
at the outcomes of the last session and how those choices will impact
the landscape for the 2009 Legislative Session.
Learn more about what
happened in 2008 in Punting
the Problem.
Governor Announces Plan for Unallotment
On Friday, December 19, Governor Pawlenty released his plan for
solving the $426 million deficit for the current biennium through
unallotment.
Read
our blog to find out how those spending reductions will impact
the state budget.
Minnesota Budget Project Releases Report on State Spending Trends
State funding for E-12 education, higher education, child care
assistance and affordable housing and homelessness prevention will
all be at lower levels at the end of this decade than in Fiscal
Year 2003, according to The
Lost Decade: Taking a Closer Look at Minnesota's Public Investments
in the 2000s, a new report released by the Minnesota Budget
Project. Over the past ten years, declining resources have meant
many Minnesotans have found fewer opportunities to succeed in school,
in the workplace, or provide for their families.
Learn more of the key
findings of The Lost Decade.
Minnesota Budget Project Statement in Response to $4.8 Billion
Deficit
On the same day as the release of the November forecast, the Minnesota
Budget Project issued a press release,
calling for a balanced approach to closing the deficit that will
do the least amount of harm to the economy. Balancing the budget
solely through spending cuts would make both the economy and the
people of Minnesota worse off.
More information about
the forecast is available at our blog.
Updated
January 5, 2009 |