Jay Kiedrowski weighs in on the Minnesota's fiscal problems.
First, Minnesota has to recognize that it has a structural budget deficit (i.e. in a normal year Minnesota revenues are less than expenditures). Second, Minnesota must avoid using accounting gimmicks. The way to ensure that they are not used is to balance not only the current budget but also make sure that a projection of the following biennial budget is balanced as well. Finally, we need bipartisanship to develop solutions for all Minnesotans.
July 26, 2012