The Department of Finance will release the February Forecast this morning and – although we don’t know the exact numbers yet – we still have some advice for policymakers. It’s time for legislators to start making budget choices that look well beyond the current crisis. In our press release for today’s Forecast, the Minnesota Budget Project argues that the state should be solving our immediate fiscal problems in a long-term way…
Raising revenues in order to sustain current levels of public investments to help our economy through the current economic downturn.
Using the state’s budget reserves in a restrained way to buy time to implement a long-term solution.
Restoring inflation in the forecast to ensure that everyone understands the future implications of today’s budget choices.
Sound like the same thing I said at the Children’s Briefing last week? It should…because these are the same messages we’ll be repeating all session. Hopefully someone starts listening.