Countdown to the 2025 Legislative Session: What’s at stake for Minnesota businesses

10 Jan 2025


News

We at the Chamber are paying close attention to the start of the 2025 legislative session, which begins next week. The balance of power at the Capitol, both in the House and Senate, is a focus of much attention and headlines. However, it's important to recognize the significant work ahead for the Legislature, and we encourage them to get organized and prepare for the session.

This year is a budget year, meaning the Legislature, in collaboration with the governor, must set the budget for the upcoming biennium, which starts in July. Between now and the adjournment date of May 19, the Legislature and the governor need to finalize the budget. Two years ago, lawmakers began their budget work with a nearly $18 billion surplus. By the end, that surplus was gone, and taxes had been raised by approximately $10 billion.

Read the full article here.