The 2013 Legislature must break the state’s deficit-and-gimmick habit and make sure future budgets are sustainable over the long term.
That’s the major conclusion we draw from the latest projections about the state economy.
The state’s November 2012 Economic Forecast predicts a positive budget balance for the current fiscal year, but years of deficits ahead.
Our new analysis of the forecast goes into the details to explain the budget situation and its context for the 2013 Legislative Session.
Minnesota Should Get on a Sustainable Track: A Look at the November 2012 Economic Forecast analyzes what the forecast means and why it’s important.