Minnesota Budget Bites

The State of Minnesota is projected to have dramatically more resources than previously expected, according to the November 2022 Budget and Economic Forecast released last week. These resources present an historic opportunity to make transformational changes to build a more equitable recovery in which all Minnesotans are healthy, safe, and economically secure.

Minnesota should prioritize funding basic needs programs and mental health services so that every college student can succeed regardless of their income or where they live.

Into a third year of a global pandemic, many workers are struggling amidst steep inflation, and not all workers have benefitted from an improving labor market, particularly Black, Indigenous, and People of Color (BIPOC) workers.

While the state of Minnesota’s revenues have continued to come in better than expected, more serious economic challenges are expected ahead, including a recession starting this fall.