From:
cheryl luger
Date:
Oct 11 04:55 UTC
Short link
Dear all,
Fyi on Impact of econ. situation on Mn state budget from Rep. Lenczewski.
Food for thought and discussion.
Altho not a Bloomington resident (but darn close), received this tonight.
Signed up for her emails because I was very impressed with her knowledge when
neighborhoods fought for Neighborhood revitalization funding (NRP) at the state
this year. The budget research dept. pulled out incredible data on
state-widemunicipality impact(including Mpls{NRP} and St Paul {Riverfront} and
MOA disparity funding in Bloomington.
best wishes,
cheryl luger
nokomis east, Minneapolis
" Dear Bloomington Resident,
I serve as the chair of the Tax Committee in the Minnesota Legislature and have
received a number of inquiries from around the state asking me how Minnesota's
state budget will be effected by our nation's poor economic situation. In
general, Minnesota, like every state in the nation, is anticipating a negative
state budget situation as the national economy continues to sour.
Today, I received an update from Minnesota State Finance Commissioner Tom
Hanson and Minnesota Chief State Economist Dr. Tom Stinson about Minnesota's
economy.
While state revenues currently continue on track, our state's economic outlook
has significantly weakened. I plan to hold hearings on the full revenue
forecast at the outset of the legislative session to deal with this serious
fiscal challenge.
I have provided a link to this information for your review. Page 2 and page 3
provide a good understanding of Minnesota's budget problem:
http://www.finance.state.mn.us/ffeu/updates/2008/0810update.pdf
I appreciate your questions regarding Minnesota's economy and I welcome your
suggestions. Thank you.
Sincerely,
Ann Lenczewski
House Tax Chair
Minnesota House of Representatives
District 40B - Bloomington
Capitol office 651-296-4218
Home 952-881-8627
10306 Humboldt Circle
Bloomington MN 55431 "
I never wonder to see men wicked, but I often wonder
to see them not ashamed.
--- Jonathan Swift