EVELETH, Minnesota – An Iron Range Resources & Rehabilitation Board (IRRRB) interim budget that will fund core agency functions for the first quarter of Fiscal Year 2012, will be presented by IRRRB Commissioner Tony Sertich to the agency’s 13-member board at a 9 a.m., Thursday, June 16, 2011, board meeting at IRRRB headquarters south of Eveleth.
The proposed budget will fund IRRRB core functions for three months beginning July 1, 2011, said Sertich. The state and IRRRB’s Fiscal Year 2012 begins July 1, 2011.
“With lack of agreement on an overall budget for state government and decisions on the state budget that may impact the agency’s 2012 budget, it is prudent for the agency at this time to wait until there is a resolution to the overall state budget,” said Sertich. “The proposed interim budget will fund core agency functions for the first quarter of Fiscal Year 2012.”
Due to the length of the recent legislative session and ongoing negotiations, passage of an interim IRRRB budget will also allow board members adequate time to provide input for a final budget, said Sertich.
With resolution of the state’s two-year budget, the agency board will meet again at a future date to consider a final Fiscal Year 2012 IRRRB budget, said Sertich.
Along with the interim budget, business, community and workforce development projects will be presented to the board for review and approval.
Iron Range Resources & Rehabilitation Board (IRRRB) is a state economic development agency headquartered in Northeastern Minnesota whose vision is to promote and invest in business, community and workforce development for the betterment of the region.