SAINT PAUL, MINNESOTA – Today, the House Ways and Means Committee held a remote hearing where members were given a presentation by MMB Commissioner Myron Frans and State Economist Dr. Laura Kalambokidis regarding the quarterly economic outlook, and an update on COVID-19 related federal funding.
“Minnesota is going through unprecedented economic times. It is critical that we work early and often to balance the budget before the end of the fiscal year,” said Rep. Lyndon Carlson (DFL – Crystal), chair of the House Ways and Means Committee. “It is too early to say just how much COVID-19 will cost Minnesota, both in loss of revenue and increased spending to manage the virus. Regardless of the final budget forecast, House Ways and Means will fulfill its constitutional duty to balance the budget.” Continue reading “Minnesota House Ways and Means Committee Holds Remote Hearing”