Minnesota
Minnesota's budget forecast shows improvement, $3.7B surplus projected
ST. PAUL, Minn. (FOX 9) – Minnesota’s budget and economic outlook has shown improvement since the last budget forecast, Minnesota Management and Budget (MMB) said Thursday.
The 2024-25 biennium is now projected to end with a surplus of $3.715 billion, which is an increase of $1.324 billion compared to the projections in November, MMB said. However, a budget deficit does loom.
“The near-term economic outlook has improved, with growth expected to persist through 2027,” MMB’s website states. “Higher collections so far this fiscal year raise the current biennium forecast for all major tax types. Corporate tax revenue shows the largest change, driven by higher-than-expected corporate profits through the forecast horizon. Spending estimates are largely unchanged from November.”
MMB added, “The higher revenue forecast throughout the FY 2024-27 planning horizon results in improvement to the structural budgetary balance, but spending is still projected to exceed revenue through FY 2027.”
Every two years, Minnesota politicians create a state budget, which they passed last spring. The projected budget surplus will allow Democrats to continue to shape state priorities as the party deems necessary, having control of the House, Senate, and governor’s office.
This is a developing story. Officials plan to hold a press conference at 8:30 a.m. Watch it live in the player above.
A 29-year-old man drowned at a lake in northern Minnesota on Saturday, according to the sheriff’s office.
The Crow Wing County Sheriff’s Office said the man drowned at the swimming area at Little Emily Lake Park. The man was at the park with family and friends at the time.
First responders arrived at the scene to try and rescue him, but he was pronounced dead, according to the sheriff’s office.
“Our thoughts and prayers are with the victim’s family and friends during this incredibly difficult time,” the sheriff’s office said.
Little Emily Lake is about 40 miles north of Brainerd.
Minnesota
If Nolan Teasley is the “primary football executive” in Minnesota, Seahawks will get compensatory picks
The hiring of Seahawks assistant G.M. Nolan Teasley as the Vikings’ new G.M. will carry a specific benefit for his former team.
Per the league, Teasley qualifies as a diverse candidate under the NFL provision that gives the former team of a newly-hired G.M. or head coach a pair of third-round compensatory draft picks.
The only question is whether Teasley will be Minnesota’s “primary football executive.” That requirement prevented the Bears from receiving the compensatory draft picks when assistant General Manager Ian Cunningham was hired to be the Falcons G.M. The league decided that president of football Matt Ryan is the “primary football executive” in Atlanta.
The Bears appealed the decision to the league, and Bears fans continue to be mystified by the outcome — especially since Ryan has made it clear that Cunningham is a General Manager “in every facet of the word.”
Minnesota has no similar position to Ryan’s job with the Falcons. The only alternative to Teasley would be coach Kevin O’Connell. But there has been no indication that, moving forward, O’Connell will emerge as the top football executive for the Vikings, with full control over the roster and the draft.
The NFL’s full collection of diversity of initiatives have recently come under attack by Florida’s attorney general. The Seahawks getting two extra third-round draft picks undoubtedly will spark a reaction from those who, in the current climate, attack efforts aimed at enhancing diversity, equity, and inclusion.
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