Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Minnesota leaders announce bipartisan budget targets, leave about $2 billion reserve
Summary
State leaders from both parties released a set of bipartisan budget targets intended to balance the 2025–27 biennium, reduce projected long‑term deficits and leave about $2 billion on the bottom line while sending spending and revenue targets to conference committees.
Minnesota legislative leaders and the governor on Tuesday announced a bipartisan set of budget targets they said will balance the first biennium of the 2025–27 budget and reduce structural deficits in later years, leaving roughly $2,000,000,000 on the bottom line.
The leaders said the targets include nearly $5,000,000,000 of reduced spending from one biennium to the next in top‑line measures, and that the agreement erases roughly 90% of a previously projected deficit in the second biennium and reduces certain projected structural imbalances by about 45% in the first year.
Why it matters: the agreement is a roadmap for conference committees to write the bills that implement those…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
