Minnesota State Senate passes bill requiring state budget forecasts include Inflation

Photo by: WDAY Radio Staff
Photo by: WDAY Radio Staff

(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.