OK, so we haven’t been on Facebook for a full week yet, but we’ve already had some interesting information to share. With the legislative session gaining steam – there is sure to be much more to come. We promised that we’d find a way to get that information out to those of you who are not on Facebook (or twitter). So here are some highlights:
News you’ll want to know:
- We are hearing that the Governor’s budget will be released after the State of the State (which is set for Thursday, February 11, 11:00 am). Keep mind that the Governor’s budget release is not behind schedule. There just had been previous statements indicating that it might come early, so that’s what is creating some uncertainty about a release date.
- The February Forecast is set to be released Tuesday, March 2. The deficit is likely to remain close to $1.2 billion – so far state revenues have been tracking close to the November Forecast projections.
- Sen. Pogemiller said in Rules Committee on Thursday that the 3rd committee deadline may be Monday, March 29. Easter/Passover recess would start that afternoon and run through following Monday or Tuesday. But it’s not official yet. FYI – the 3rd committee deadline refers to the date by which each of the individual finance committees needs to have its omnibus bill done.
- The bonding bill will probably be on the Senate floor by next Tuesday.
We also shared a piece by Bob Greenstein (Executive Director of the Center on Budget and Policy Priorities) on President Obama’s budget – it is a great way to get an overview of the critical fiscal issues facing us at the federal level.
-the Minnesota Budget Project team
