Legislative News

Governor Walz releases budget proposal for FY2026-2027 Today, Governor Walz held a press conference to release his budget proposal, calling it “responsible” and highlighting features aimed at balancing the budget. The November 2024 budget forecast showed higher-than-expected spending and a structural deficit leading into the FY 2026-2027 biennium, ultimately leading to a negative balance in…

House committee co-chairs and membership named The details of the power-sharing arrangement in the Minnesota House came into greater focus over the last few weeks, with both caucuses naming their committee co-chairs and full committee membership for most committees. An agreement previously announced between the House DFL and Republican caucuses stipulated that committees will be…

November 2024 budget forecast announced The state’s November forecast was released last week. The November and February forecasts are two major signposts in the state’s budgeting process, and the November forecast is the earliest indication of the state’s fiscal health. In the forecast, experts project the state’s revenue and spending for the next four years. Key…