State Budgets: Minnesota Cuts to Balance Current Budget; Seeks Input for Next Budget
Minnesota’s $37 billion 2010-11 biennial budget is expected to have a $4.85 billion shortfall, with revenues falling and spending slightly up from the current budget. Gov. Tim Pawlenty (R) and many legislators agree that tax increases are unlikely and unable to fix the entire shortfall. Lawmakers have created a website to seek input on how to balance the budget. To fix the current budget’s $426 million shortfall, Pawlenty has proposed drawing down the remaining $155 million in reserves and cutting $271 million in spending, especially state aid to local governments. K-12 education and public safety are exempt from the cuts.
More on Minnesota here.
Was this page helpful to you?
Thank you!
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?
Contribute to the Tax FoundationLet us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?
Give Us Feedback