Minnesota HF2790 eliminates the requirement for state forecast to account for the rate of inflation.

Minnesota HF2790 amends the state statutes to remove the requirement for the state forecast to account for the rate of inflation. Instead, the forecast will estimate expenditures for all obligations imposed by law and those projected to occur due to inflation and other variables outside the legislature's control. The commissioner must consult with the chairs and lead minority members of the senate Finance Committee and the house of representatives Ways and Means Committee, and legislative fiscal staff at least three weeks before the forecast is released.

Minnesota HF2790 eliminates the requirement for state forecast to account for the rate of inflation.

Minnesota HF2790 amends the state statutes to remove the requirement for the state forecast to account for the rate of inflation. Instead, the forecast will estimate expenditures for all obligations imposed by law and those projected to occur due to inflation and other variables outside the legislature's control. The commissioner must consult with the chairs and lead minority members of the senate Finance Committee and the house of representatives Ways and Means Committee, and legislative fiscal staff at least three weeks before the forecast is released.