Governor Walz releases his proposed budget…
This is an odd-numbered year, and so the Legislature is constitutionally required to craft a budget to fund the state government for the next two fiscal years.
Gov. Tim Walz took a major first step in that process Thursday by announcing his proposed 2026-27 biennium budget, which totals $65.9 billion in General Fund spending. This is a slimming down from the $70.7 billion General Fund appropriations for the current 2024-25 biennium.
If his budget is passed as proposed, Walz said it would leave a $2.1 billion surplus in fiscal years 2026-27, and a $355 million surplus in fiscal years 2028-29.
The Office of Broadband Development is housed in the Department of Employment and Economic Development and therefore is part of their budget.
They include historical information on funds for broadband grants…
And details on the recent an proposed budget…
Looks like DEED will talk about the budget on Tuesday…
Tuesday, January 21, 2025 , 8:15 AM
Workforce, Labor, and Economic Development Finance and Policy
Chair: Rep. Dave Baker
Location: G3
Agenda:
I. Department of Employment and Economic Development, Department of Labor, and Governor’s Office overview of Governor’s proposed budget and recommendations
II. Discussion of Labor and Workforce Committee rules for 2025 legislative session