Updated Budget Forecast Brings Good News
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 DEED Budget Recommendations Get Senate Hearing, Bonding Proposal Released
Governor Walz's budget recommendations and bonding proposal.
DEED Funding Bill Introduced in the House, MMB Budget Update on the Horizon
House File 819 appropriates the same funding levels for MIF, JCF, redevelopment, and demolition loan programs as the Senate bill.
DEED Funding Bill Introduced in Minnesota Senate
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 Releases Budget Recommendations
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.
The configuration of state government that produced five Special Sessions to enact a Bonding Bill remains essentially unchanged by the 2020 general election.
Special Session Ends After Passage of Long-Awaited Bonding Bill
The Legislature was finally able to come together during the special session to pass a bonding bill that invests in hundreds of infrastructure projects across the state. The bill, the largest bonding bill in state history at $1.87 billion, includes
DEED Economic Development Programs Funded in Bonding Bill
The DEED programs that have been included in the proposed Omnibus Bonding Bill include the Greater Minnesota Business Development Public Infrastructure Program, the Innovative Business Development Public Infrastructure Program, and the Transportation
Legislative Update | May 19, 2020
The 2020 Legislative Session came to an unceremonious end on Sunday night with leaders in the House and Senate unable to reach agreement on a number of legislative priorities included a bonding bill, a bill to distribute federal coronavirus relief fu
Legislative Update | May 11, 2020
The Minnesota Legislature is coming into the home stretch with the constitutionally mandated adjournment date looming on May 18. There remains much to be done in the final week with action packed agendas on both House and Senate floors. Negotiations