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Minnesota forecast shows small surplus; Hopkins warned limited new K‑12 funding likely
Summary
At a Hopkins Public School District community session, state finance expert Krista Caput said Minnesota’s November forecast shows a modest $616 million biennial surplus and a projected later structural deficit, limiting the likelihood of large new K‑12 funding increases and affecting Hopkins’ budget outlook.
At a community engagement session hosted by Hopkins Public School District, Krista Caput, a state education finance expert, told residents that Minnesota’s most recent forecast projects a $616,000,000 surplus over the next biennium but a “structural imbalance” in the following period, limiting the potential for new ongoing K‑12 funding.
Caput said the surplus is small relative to the state’s total two‑year budget and that “with the split legislature, I do not anticipate a lot of extra money going to education” in the next budget cycle. She…
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