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Bill > HF1662


MN HF1662

MN HF1662
Economic welfare measurement established, state budget forecast inclusion of economic measure required, report required, and money appropriated.


summary

Introduced
02/25/2019
In Committee
02/25/2019
Crossed Over
Passed
Dead
05/17/2020

Introduced Session

91st Legislature 2019-2020

Bill Summary

Economic welfare measurement established, state budget forecast inclusion of economic measure required, report required, and money appropriated.

AI Summary

This bill establishes a "genuine progress indicator" as a measure of economic welfare for the state of Minnesota. The bill requires the state budget forecast to compare this indicator against other measures of economic growth or well-being, and directs the University of Minnesota's Bureau of Business and Economic Research to calculate the indicator annually and report on its components and changes. The bill also appropriates $200,000 per year for fiscal years 2020 and 2021 to fund this work.

Committee Categories

Budget and Finance

Sponsors (19)

Last Action

Author added Munson (on 03/05/2020)

bill text


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