HEADLINES : Minnesota
MN state budget forecast clouded by debt limit crisis
ST. PAUL, Minn. - Minnesota lawmakers are being told to expect a new state economic forecast on Feb. 28, but also being warned that more uncertainty from Washington will cloud the picture.
State finance officials on Monday revealed the date of the much-anticipated forecast. They also told the House Ways and Means Committee that a debate over whether to boost the nation's debt limit probably won't be resolved when the state report is prepared.
The document matters because it provides the fiscal target lawmakers must hit with their two-year budget. For now, the state is faced with a projected $1.1 billion deficit.