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MN HF2790
Bill
Status
3/26/2025
Primary Sponsor
Kristin Robbins
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AI Summary
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Eliminates the requirement for Minnesota's state expenditure forecasts to include projections based on inflation rates
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Removes inflation as a variable that the commissioner must consult with legislative leaders about when preparing the forecast
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Retains requirements to consult with legislative committees on other forecast variables including state bonding/debt service and investment income calculations
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Commissioner must still notify legislative leaders of changes in forecast variables at least two weeks before forecast release
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Effective the day following final enactment
Legislative Description
Requirement for state forecast to account for rate of inflation eliminated.
Last Action
Introduction and first reading, referred to State Government Finance and Policy
3/26/2025