The Minnesota state budget forecast came out with more bad news – a deficit of $1.1B for the biennium (2 year) cycle of 2014-2015. How can we have these deficits year after year?
The answer is a short and simple one: it’s actually worse than what they are telling us. But a new DFL controlled legislature will be able to work with Governor Dayton to take care of it, once and for all, without an awful lot of pain. The longer answer is that we can expect even more fundamental reform in the works.