How well is Minnesota government prepared to weather the next recession?
Monday, October 14, 2019
Minnesota state budget leaders fancy themselves well-prepared for whatever the economy might send their way whenever the longest recovery in U.S. history inevitably ends.
A recent assessment by the Pew Charitable Trusts gives the state relatively good marks when it comes to Minnesota’s fiscal health compared to other states. It has better than average reserves. It has restored many of the cuts made to weather the Great Recession. And has lower than average debt and pension obligations, researchers found.