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Title: 2022 Regular Session - Supplemental Budget Framework Leadership Agreement
Article Date: 5/15/2022
Source:
Author:
Type: Other
URL:
File: budget agreement_2022.pdf 

Text: 2022 Supplemental Budget Framework Agreement
5/15/2022


Resources

FY 2022-23
February Forecast Balance: 9,253
Enacted Bills: 2,146
Remaining GF Balance: 7,107

FY 2024-25
February Forecast Balance: 6,035
Enacted Bills: 963
Remaining GF Balance: 5,071

2022-25 Total
February Forecast Balance: 15,288
Enacted Bills: 3,109
Remaining GF Balance: 12,178


Framework Agreement

FY 2022-23
Spending Targets: 1,600
Tax Bill: 1,600
Balance without carryforward: 3,907

FY 2024-25
Spending Targets: 2,400
Tax Bill: 2,400
Balance without carryforward: 271

2022-25 Total
Spending Targets: 2,400
Tax Bill: 2,400

2025 budgetary balance: 4,178


Specific terms:
· $1B E12 over two biennia
· $1B HHS over two blennia (no forecast grab)
· $450m for public safety and judiciary over two biennia
· $1.328B other areas as agreed by leaders
· $1.4B bonding bill, $150m cash

[Signed]
Jeremy Miller
Melissa Hortman
Tim Walz


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