Larry Jacobs, director of the Center for the Study of Politics and Governance at the Hubert H. Humphrey Institute, University of Minnesota, discusses how a major political crisis in Minnesota is leading to an economic crisis in regard to the state’s budget.
A down economy, evaporating stimulus money, differing political priorities and an upcoming gubernatorial election are only adding to the state’s budget-balancing problems, Jacobs said. Unless the two parties are able to find common ground on taxing and spending, Jacobs sees the future of Minnesota as “not a bright one.”
