State of Minnesota Economic Forecast – November 2009
Yesterday Minnesota Management & Budget (MMB) released the November 2009 economic forecast for the State of Minnesota which projects a $1.203 billion deficit for the current 2010-2011 biennium due to an extended weakness in the economy. For the next biennium, 2012-13, a $5.426 billion deficit is being projected without adjustment for inflation reflecting the use of many one-time solutions, including the federal stimulus funds that do not continue beyond fiscal year 2011. Click the headline for details and to find out when the next town hall meetings will be held.