Thu, Apr 20th, 2023 - 7:45am
February 21, 2023 - 12:00pm | By Kyle Cornell
(St. Paul, MN) -- The Minnesota Senate is moving forward with a bill that would require the state's economists to include inflation in projections.
DFL lawmakers introduced the bill following a state forecast that showed an over 18-billion dollar surplus.
Minnesota Management and Budget says the projection would be around one-and-a-half billion dollars less if it accounted for inflation.
DFL lawmakers say the requirement was removed about 20 years ago in an attempt to make deficits look smaller.