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Bill > SF1742
MN SF1742
MN SF1742New measurement of economic welfare establishment; state budget forecast inclusion of economic measure authorization, report requirement and appropriation
summary
Introduced
02/25/2019
02/25/2019
In Committee
02/25/2019
02/25/2019
Crossed Over
Passed
Dead
05/17/2020
05/17/2020
Introduced Session
91st Legislature 2019-2020
Bill Summary
New measurement of economic welfare establishment; state budget forecast inclusion of economic measure authorization, report requirement and appropriation
AI Summary
This bill establishes a "genuine progress indicator" (GPI), a measure of economic welfare that considers factors beyond just GDP, such as income inequality, environmental costs, and the value of unpaid labor. The bill requires the state's budget forecast to compare the GPI to other economic measures, and it appropriates $200,000 per year to the University of Minnesota to calculate the GPI and provide annual reports on it to the legislature. The goal is to provide policymakers with a more comprehensive view of the state's economic and social well-being.
Committee Categories
Education
Sponsors (5)
Last Action
Referred to Higher Education Finance and Policy (on 02/25/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1742&ssn=0&y=2019 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF1742&version=0&session=ls91&session_year=2019&session_number=0&format=pdf |
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