Minnesota should invest in the future: Inside the November 2019 Economic Forecast
The November 2019 Economic Forecast brought some positive news for now, but predicts a more challenging budget situation in the future. Minnesota is in positive budget territory with a $1.3 billion balance projected for the current two-year budget cycle, FY 2020-21. However, that good news is short-lived. Faced with a short-term surplus, policymakers have an opportunity to make some one-time investments.