Lawmakers seek deeper look at state finances

Published 9:57 am Friday, December 5, 2014

ST. PAUL — Minnesota lawmakers want to dive deeper into the details of a state report showing a $1 billion budget surplus awaits them.

The House Ways and Means Committee summoned state finance officials to a hearing Friday to give more information about the just-released revenue forecast.

The report says Minnesota will have more money than its obligations for the next two year budget. But there are areas where the economy isn’t performing up to expectations.

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The Legislature convenes its session in early January and will get a budget proposal from Gov. Mark Dayton later that month.

Another economic forecast will be produced before lawmakers must adopt the next budget.