MN Democrats respond to budget forecast [RAW]

Minnesota Democrats from the House and Senate held a press conference on the budget, saying they know how to balance a budget and plan for what's coming for the people of Minnesota. Once flushed with a record-setting projected surplus of $17.5 billion in 2023, the latest projected budget by Minnesota’s Department of Minnesota Management and Budget (MMB) says the state’s Fiscal Year 2026-27 projected balance is now $456 million – $160 million lower than estimates provided in December. The projected general fund shortfall for the 2028-29 budget cycle is now $5.995 billion, $852 million less than the most recent previous estimates, MMB says. The report also predicts that spending growth will outpace revenue in FY 2029.