House and Senate Finance Committees have rolled out their omnibus budget bills and will spend the week walking through the bills.
Governor Walz's updated budget recommendations are based on the improved forecast from February that projects a surplus of over $1.5 billion in the upcoming biennium.
Help advocate for funding: share potential redevelopment projects
S.F. 585 was heard in the Senate Jobs and Economic Growth Finance and Policy Committee on Monday and laid over for possible inclusion in the Committee’s omnibus bill.
H.F. 819 was heard in the House Workforce and Business Development Finance and Policy Committee last week and laid over for possible inclusion in the Committee’s omnibus bill.
The state’s financial picture has improved significantly since the last projection, having gone from a projected $1.3 billion deficit in the upcoming biennium to a $1.6 billion surplus.
Governor Walz's budget recommendations and bonding proposal.
House File 819 appropriates the same funding levels for MIF, JCF, redevelopment, and demolition loan programs as the Senate bill.
The bill maintains base level funding for the MN Investment Fund and the Job Creation Fund and would establish base level funding for redevelopment grants and demolition loans.
Governor Walz released his budget recommendations last week in what is commonly referred to as the unofficial start to the Legislative Session. The Governor’s $52.4 billion two-year budget proposal was advertised as a COVID-19 recovery budget.
An engaging three-day event you won't want to miss.