A new forecast from Minnesota's budget office is projecting a nearly $3 billion shortfall for the upcoming biennium, or budget cycle. The budget office blames the increased deficit on rising spending, ...

Minnesota’s projected budget surplus has grown to nearly $2.5 billion in the current two-year budget cycle, though a projected shortfall of almost $3 billion is expected in the following two years.

Minnesota state budget director Ahna Minge speaks during the State Budget Forecast presentation at the Minnesota Department of Revenue in St. Paul on March 6.