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MN HF35

MN HF35
State forecast required to include the rate of inflation.


summary

Introduced
01/04/2023
In Committee
02/01/2023
Crossed Over
01/30/2023
Passed
02/21/2023
Dead
Signed/Enacted/Adopted
02/21/2023

Introduced Session

93rd Legislature 2023-2024

Bill Summary

A bill for an act relating to state government; requiring the state forecast include the rate of inflation; amending Minnesota Statutes 2022, section 16A.103, subdivisions 1a, 1b.

AI Summary

This bill requires the state forecast to include the rate of inflation. Specifically, it amends existing Minnesota statutes to: 1) require the state forecast to estimate expenditures based on the projected effects of inflation, in addition to variables outside the control of the legislature; and 2) mandate consultation with legislative committees and staff on the rate of inflation and other variables used in the expenditure forecast, with notification of any changes from the previous forecast.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (24)

Last Action

Secretary of State Chapter 10 (on 02/21/2023)

bill text


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