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It is May 16, and the required adjournment of the Legislature is May 19. This week at the Chamber, in addition to tracking progress at the Capitol, we also released an important and very timely report from the Minnesota Chamber Foundation called Fueling Prosperity through productivity and innovation. You'll find that the report has some interesting data to share, and it's relevant to the work happening at the Capitol this weekend leading up to the required adjournment on May 19.
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Sustainability is at the core of Niron Magnetics’ success. Whether it’s protecting ducklings in the parking lot, gathering plastic bags for recycling, or creating innovative rare earth free magnets, the Niron team is proving that business and sustainability are attractive forces!
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Here we are, friends – 10 days out from the required adjournment of the 2025 legislative session, and quite a number of big-ticket items are still on the table for consideration as they wrap up this budget year. Of course, there's always speculation, which is a hot topic at the Capitol right now: whether or not they can finish on time. They do need to produce a budget, and if they don't by the required adjournment date of May 19, it means they'll have to come back in a special session, which only the governor can call, but only the Legislature can adjourn. They'll need to negotiate a deal on what a special session will look like. But we're not there yet. What we want to do is keep pressing forward with the time we have left – just a short 10 days – and they will work through the weekend to complete whatever they can. Leadership has been meeting, the two bodies have been meeting, and progress, I believe, is being made. But there are a few things, as I mentioned, that we want to get done.
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As we've been discussing in previous podcasts, the legislative session is quickly wrapping up. They have a constitutionally required adjournment date of May 19th this year, and do the math, friends—that's not very far away, and we have much to accomplish yet.
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Last week, the Legislature was in recess. This week, they’ve returned and are urgently working toward their required adjournment on May 19, which is just a few weeks away. They still have a lot to accomplish, especially finishing work on the state budget. The new fiscal year starts July 1, and if the Legislature doesn’t wrap up by May 19, a special session will be required. We’d much prefer them to finish on time, produce a balanced budget and address a few key priorities for the business community.
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