Nonprofit, nonpartisan journalism. Supported by readers.

Donate

You fix the Minnesota deficit: A calculator update

Given the budget Gov. Mark Dayton proposed this week, MinnPost has incorporated his major points. Try it again!

The budget Gov. Mark Dayton proposed this week is the beginning of a months-long process of proposals, revisions, negotiations — and, inevitably, political battles.

The taxes and spending cuts we are debating now are fleeting figures that could change many times before the end of this legislative session, scheduled for late May (but likely to run longer).   

And so, MinnPost’s budget puzzle must change too. We have updated it to incorporate the major points in Dayton’s budget.

We expect to revise it again in a couple of weeks when a new fiscal forecast is due. That could change the amount of the state’s expected budget shortfall for the next two years (with any luck, downward from the current $6.2 billion sum).

Next, the governor is expected to revise his budget recommendations, probably sometime in March. That’ll mean more revisions to the MinnPost exercise.

Meanwhile, legislators will offer proposals of their own. We’ll track the bills and incorporate some of them in the exercise.

So, like the officials in St. Paul, MinnPost readers can revisit their tradeoffs several times during the next few months. In the process, you will get a fresh look at the options facing the state’s elected leaders.

And, as always, we invite you to let us know what you think.

Sharon Schmickle covers economics, international affairs and other subjects. She can be reached at sschmickle [at] minnpost [dot] com.

You can also learn about all our free newsletter options.

No comments yet

Leave a Reply