The state’s cycle of budget deficits continues

The state’s cycle of budget deficits continues. That’s the news from this morning’s release of the November 2012 Economic Forecast. The state ended the August special session with a $1.1 billion deficit projected for the FY 2014-15 biennium. And that’s where the number stands in the new forecast. When taking the impact of inflation into account, the deficit is closer to $2.0 billion in FY 2014-15 and $2.1 billion in FY 2016-17. Continue Reading

Time for Minnesota to move forward on health care reform

With the June Supreme Court decision and 2012 presidential election behind us, it is now clear that the nation’s health reform law – the Affordable Care Act – is here to stay. That’s great news for Minnesotans. Many have already begun to benefit from the law, including young adults who are now able to stay on their parents’ insurance until age 26. And many more Minnesotans will be able to access affordable health insurance as other major provisions take effect in 2014. Continue Reading