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November Budget and Economic Forecast

12/4/2024 9:30:00 AM

Summary

MMB forecasts a $616 million balance at the end of the FY26-27 biennium, $1.1 billion less than prior estimates. Projected reductions in income and sales tax revenues combined with higher spending for long-term care and special education result in a growing structural imbalance throughout the budget planning horizon.


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