Overview

• Gov. Tim Walz and legislative leaders announced a bipartisan two-year budget framework that reduces but does not eliminate a $6 billion deficit.
• The deal includes spending cuts, policy rollbacks, and compromises on contentious issues such as taxes and health care programs.
• A special session is expected after the May 19 adjournment deadline to finalize and pass the necessary budget bills.
• The agreement reflects cooperation in Minnesota’s closely divided Legislature, shaped by a historic House power-sharing arrangement after a 67-67 tie.
• Leaders emphasized investments in education, health care, and family support while navigating difficult negotiations to balance fiscal responsibility with policy priorities.