The state government has forecast a shortfall of $4.8 billion for the next biennium, July 2009 to June 2011. In the next few months, state policymakers will decide how to balance the budget.More at http://www.mncn.org/bp/kitchenbudget.pdf
We are all facing tough economic times. The unemployment rate is nearly 7 percent, and may well climb higher. Paychecks are downsizing. The value of our stocks and retirement portfolios is evaporating. Each night, tens of thousands of us are being turned away from shelters. Thousands of our homes have been lost to predatory sub-prime lending. Rent is rising. Food prices are going up. Bellies are growling with hunger. Thousands are without health care. College tuition is moving out of reach for more and more of us.
During these tough times, many of us are sitting down with our families around kitchen tables, talking about how we are going to make it through this downturn. We are figuring out what we can cut back on and what we can’t, trying to decide what is necessary.
Thursday, January 29, 2009
Kitchen Table Budget Principles for Minnesota
An interesting budgeting idea from the Minnesota Budget Project (of the Minnesota Council of Nonprofits) and Organizing Apprenticeship Project: