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Tag Archives: Tom Stinson

Stinson’s retirement ends 26-year tenure

At age 70, after 26 years as Minnesota’s top economic soothsayer, Tom Stinson’s retirement hardly came as a shock. He was already by far the longest-serving state economist — none of his predecessors held the position for more than five years — and he had a comfortable side job teaching economics at the University of Minnesota.

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Tom Stinson retires after 26 years as state economist

Current University of Minnesota applied economics professor Laura Kalambokidis will take over as state economist, making her the first woman to serve in the role since the position was created in 1975. Stinson, 70, was first named state economist since 1987, holding a job for decades that economists before him only held for several years at a time.

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Forecast: Good news, for now

Positive budget news has been in short supply at the Capitol in recent years. So it’s no surprise that Republicans and DFLers alike greeted with relief the surprise announcement that the state is projected to have an $876 million surplus in the current two-year budget cycle.

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2012 may bring Budget Showdown II

The February 2011 budget forecast that knocked $1.2 billion off the state's recent budget deficit came with no shortage of caveats. Nearly half the rosier revenue picture was attributable to predicted capital gains collections, which are notoriously volatile.

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