1 / 7

Aging Services Board Meeting

Aging Services Board Meeting. November, 2011. Jim Schowalter Commissioner Minnesota Management & Budget. 2011 – The Year To Date. Elections bring in new Administration and Legislative majorities Economy inched way out of recession but projected State fiscal problems remained

raja
Download Presentation

Aging Services Board Meeting

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Aging Services Board Meeting November, 2011 Jim Schowalter Commissioner Minnesota Management & Budget

  2. 2011 – The Year To Date • Elections bring in new Administration and Legislative majorities • Economy inched way out of recession but projected State fiscal problems remained • Budget not completed before July 1 - State shutdown ensued • Budget resolved using one-time resources and permanent spending reductions

  3. Current Budget Gap Resolved but New Future Liabilities Created Source: MN Management & Budget

  4. What’s Next? Economic Growth? Further spending changes? Reforms?

  5. Economic Outlook Has Changed Since February’s Revenue Forecast

  6. More than 85% of State Budget is Spent by Schools, Higher Ed, Local Government and Health Care General Fund Source: MN Management & Budget

  7. …By 2010 …By 2015 Age of Employees by 201527% of current State Executive Branch workers reach age 60 by 2010; 48% reach 60 by 2015 Percentage of Current, FT/UNL Employees Who Will Be 60… DOER data – July 2003

More Related