Minnesota Management and Budget (MMB) Commissioner Myron Frans, State Economist Dr. Laura Kalambokidis, and State Budget Director Britta Reitan will present an updated budget projection for FY 20-21 on Tuesday, May 5, 2020. Governor Tim Walz will speak immediately after Commissioner Frans.
This budget projection will provide limited updated estimates of expected revenues and expenditures for the current biennium, including any appropriations already enacted this legislative session. Since MMB released the February forecast, economic conditions have dramatically weakened, and government costs related to COVID-19 have increased. A new budget outlook and any projected surplus or deficit for FY 20-21 will also be released.
You can listen to the press conference on KROX Radio, online at KROXAM.com, the KROX app, or Alexa on Tuesday, May 5 at 2:00 p.m.
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