Minnesota lawmakers are currently working to prevent a potential multibillion-dollar deficit in the future. The state’s economic forecast for the next two years showed a decrease in projected surplus, with an anticipated deficit in the 2028-2029 biennium widening. The next two-year budget is expected to be around $66 billion.
Governor Walz and legislators are working to pass a two-year state budget before July to avoid a government shutdown. Walz praised a bipartisan House budget framework as “encouraging,” noting that it addresses both current funding needs and long-term structural issues.
House DFL leaders emphasized their ability to set aside ideological differences and work with Republican colleagues to reach a spending agreement. Rep. Zack Stephenson called it a test of the power-sharing agreement in divided government, which they passed successfully.
Overall, lawmakers are focused on addressing immediate budget concerns while also planning for the future to prevent a significant deficit in the coming years. Collaboration between both parties will be crucial in passing a sustainable two-year budget for the state of Minnesota.
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