Minnesota Staring at $2.4 Billion Budget Gap as Revenue Slides

The Minnesota budget authority warned of a big shortfall in its latest projections, and Colorado extended its tax deadlines to May 20. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Monday’s coverage click here. Here’s a state-by-state roadmap.

Minnesota faces a $2.4 billion budget hole as tax revenues crater in response to the Covid-19 pandemic, the state’s primary budget forecasting agency reported Tuesday.

Minnesota Management and Budget released a budget projection showing revenues would likely drop $3.6 billion over the course of the two-year period that ends on ...