Jay Kiedrowski discusses how the Legislature can best address Minnesota's budget deficit.
The commission found that, in addition to the legislative changes of 1999, Minnesota was experiencing major demographic aging, that funding of public health care support was growing far faster than state revenues, and that the number of school-age children would continue to increase. In a budget projection over 25 years, expenditures were expected to grow 5.5 percent per year, with revenues expected to grow only 4 percent per year.
Star Tribune
November 22, 2012