2023 session outcomes: Budget and spending
At the beginning of session, lawmakers had a nearly $18 billion budget surplus. This historic budget position could have provided relief for job creators and fuel the growth of Minnesota’s economy. Instead, a majority of this sum was promised to spending increases. The general fund budget increased $19.3 billion for 2024/25. That’s an increase of 37% and will put the state in a structural deficit for fiscal years 2026/27.
WATCH: 2023 Statewide Policy Tour discussion on the budget
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Our goal remains to ensure that our state remains affordable to raise a family or start a successful business. The voice of business is important at the Capitol, to share real stories of how legislators’ decisions help or hurt Minnesota’s entrepreneurs. If you’re interested in helping us fight for all employers and employees across the state, find an opportunity that fits your interest.