Analysis: Minnesota's new paid family and medical leave law will cost taxpayers additional $600M

(Fargo, ND) -- New questions are being raised about the actual cost of Minnesota's new Paid Family and Medical Leave Law.

"This was a really disappointing but unfortunately not surprising conclusion. This paid family medical leave program is the largest mandate and largest tax increase in state history," said John Reynolds, Minnesota State Director for the National Foundation for Independent Business. 

Reynolds is commenting on a new analysis which concludes the paid leave bill will cost taxpayers more than $600 million more over the first three years of the program, than what lawmakers originally projected. 

Reynolds says the NFIB is calling on state lawmakers to reign in the cost and the burden of the PFML mandate on small employers before the law goes into effect in 2026. 

The analysis was conducted and published by Milliman Report.