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New President, New Congress
Last week, Americans witnessed a historic inauguration when President Joe Biden and Vice President Kamala Harris were sworn into office. They take office amidst a global pandemic and on the heels of unprecedented violence in the U.S. Capitol. With a new administration and a change of leadership in the U.S. Senate, the first 100 days of the Biden administration will likely look much different than recent years.
Upon taking office, President Biden took immediate action, signing 17 executive orders on the first day. Although largely aimed at expediting the pandemic response and economic recovery, Biden also sought to undo some of the Trump administration’s most notable orders, including: halting funding for the U.S./Mexico border wall, reversing the international travel ban on largely Muslim countries, and reentering the Paris Climate Accord.
Gov. Walz’s 2021 Budget to Be Released This Week
In late November, Minnesota Management and Budget (MMB) projected that the state would face a $1.27 billion budget shortfall in the upcoming biennium. On Tuesday, Gov. Walz will release his proposed budget and outline his desired approach to addressing the projected deficit. Walz is expected to take a balanced approach to the revenue shortfall and propose a mixture of cuts and new revenues while generally framing the proposal as part of his administration’s ongoing response to the COVID-19 pandemic.
While the governor’s initial budget will be based off of the November budget forecast, the state will receive a revised estimate from MMB in late February or early March. The February forecast will guide the state legislators as they assemble and work to pass a balanced budget prior to the May 17, 2020 deadline to adjourn. MMB’s budget forecasts reflect current law and are based on the most recent information about the national and state economic outlook as well as caseload, enrollment, and cost projections.
Please reach out to any of the Larkin Hoffman Government Relations team members with any questions.
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Our Team
Peter Coyle
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Peder Larson
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Margaret Vesel
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Bill Griffith
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Matthew Bergeron
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Gerald Seck
952-896-3205
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Logan O'Grady
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Grady Harn
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Larkin Hoffman provides counsel to a wide variety of organizations, from small businesses and nonprofits to Fortune 500 companies, in many areas of practice including corporate and governance matters, litigation, real estate, government relations, labor and employment, intellectual property, information technology, franchising and taxation. The firm also serves the needs of individuals in many areas including trusts and estates, personal injury and family law.
This newsletter is provided as a service to our clients and firm associates. While the information provided in this newsletter is believed to be accurate, it is general in nature and should not be construed as legal advice.
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