State finance officials again told a legislative panel on Wednesday that Minnesota may need to borrow money as early as this spring simply to keep the state's cash flow in the black.Read More »
Tag Archives: Jim Schowalter
State budget officials are looking at emergency options to avoid short-term borrowing before the fiscal year ends on June 30.Read More »
Ramsey County District Chief Judge Kathleen Gearin's Dec. 30 order invalidating a $5.3-million human services cut made unilaterally by the Republican governor isn't taking center stage at the Legislature.
But if other groups affected by the $2.7 billion in unallotments also take Pawlenty to court, the budget hole could grow larger.
Last week's court ruling against his unilateral budget cuts notwithstanding, all of the $2.7 billion in unallotments announced last summer by Minnesota Gov. Tim Pawlenty are expected to be completed by mid-month.Read More »
State finance officials last week told a House and Senate budget panel that they might have to borrow money for the first time since 1984 in order to keep state government operating. And a senior debt-management analyst conceded that the move could damage Minnesota's credit rating.Read More »
The House Jobs Task Force appointed last summer by Speaker and gubernatorial candidate Margaret Anderson Kelliher (DFL-Minneapolis) is meeting in all-day session today. This time around, the gavel is in the hands of Capital Investment Finance Division chair Alice Hausman (DFL-St. Paul; pictured above at right), one of the panel's three co-chairs.Read More »