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Education Finance Committee reviews state budget forecast, formula allowance and aid-tracking spreadsheets
Summary
At its Jan. 21, 2025 organizational hearing the House Education Finance Committee received a briefing on the state general fund forecast, K–12 spending projections and how to read the committee’s aid-tracking spreadsheets, including per-pupil formula updates tied to inflation.
The House Education Finance Committee, chaired by Chair Acresha, opened its first 2025 hearing with a walkthrough of the state general fund forecast and the committee’s education aid tracking worksheets.
The briefing, led by Tim Strom of the Minnesota House Research Department and Solve (Ms.) Beckel of House Fiscal, showed Minnesota entering the 2026–27 budgeting window with a modest positive bottom line under the forecast but a substantial projected shortfall in the out years. "Minnesota's general fund budget is estimated 2 times a year through the forecast," Strom said while explaining the role of the November and February forecasts for the committee’s work.
Committee members were shown the forecast figures the nonpartisan staff are using to build the K–12 baseline. The presenters…
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