Today we found out that the state of Minnesota will face a $1.2 billion deficit over the remainder of the biennium (ends June 30, 2011). This is on top of a $6.4 billion deficit originally dealt with by the legislature. The picture does not improve going forward; a $5.4 billion deficit is already projected for the 2012-2013 biennium. This $1.2 billion deficit is the result of a slower than anticipated economic recovery with higher than expected unemployment and lower wages. These factors combine to create a decrease in income tax revenue. Check out Minnesota Budget Bites for more detailed analysis of the budget picture.
One thing from this picture is clear: we must continue to make investing in early care and education a priority. We know this is the best investment we can make for both our short-term and long-term economic prosperity. To cut early care and education to solve the projected $1.2 billion state deficit would be like dropping our best performing stock and is exactly the wrong thing to do.
When parents know their children are well cared for they receive the assurance they need to be productive at work. Plus, giving children access to high quality programs maintains jobs for the trained professionals who work in the field. These investments also lay the foundation for future economic prosperity by ensuring that our youngest Minnesotans will be successful in school, career and life.
Ready 4 K is committed to being a voice for Minnesota’s youngest citizens. We are preparing for the 2010 legislative session and protecting our investments in the face of the $1.2 billion deficit. But we need your help. Join our network today and find out more about how you can be an advocate for children. Stay tuned for more information about Minnesota’s budget picture and its impact on Minnesota’s youngest children and families.
