2023-24 session outcomes: Budget and spending
At the beginning of the 2023 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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