Minnesota is keeping its top financial rating despite a challenging year.
Financial analysts Standard & Poor’s and Fitch announced that Minnesota will maintain its AAA rating, which Minnesota Management and Budget Commissioner Jim Schowalter said will “bolster our ability to continue making smart investments in Minnesota’s future by lowering interest rates for the state and reducing our cost of borrowing.”
Fitch reported that Minnesota’s ratings reflected the state’s “solid and broad-based economy, highly educated workforce, expanding population, and a revenue structure well-designed to capture economic growth.” The state is “well positioned to manage through economic cycles while maintaining a high level of financial flexibility,” it added.
Schowalter said in a statement that the ratings meanwhile illustrate Minnesota’s ability to respond to challenges created by the pandemic.
Gov. Tim Walz added in response to the news that the rating “is a testament to our strong overall fiscal position and handling of the COVID-19 pandemic.”
“Our economy is strong, and together, we are keeping Minnesotans safe and protecting the well-being of our state,” Walz said. “Now, we need to keep investing in all Minnesotans, so our economy works for everyone, everywhere in Minnesota — not just those at the top.”
Stephen Montemayor
rn{% endblock %}"},"start":"https://users.startribune.com/placement/1/environment/3/limit-signup-optimizely/start"},{"id":"limit-signup","count":12,"action":"ignore","mute":true,"action_config":{"template":"{% extends "grid" %}rnrn{% block heading_text %}Youu2019ve read your 10 free articles for this 30 day period. Sign up now for local coverage you wonu2019t find anywhere else, special sections and your favorite columnists. StarTribune puts Minnesota and the world right at your fingertips. {% endblock %}rnrn{% block last %}rn{{ parent() }}rn{# limit Krux pixel from https://www.squishlist.com/strib/customshop/328/ #}rn
rnrn{% endblock %}"},"start":"https://users.startribune.com/placement/1/environment/3/limit-signup/start"},{"id":"meter-desktop-331","count":10,"action":"ignore","mute":false,"action_config":false,"start":"https://users.startribune.com/placement/1/environment/3/meter-desktop-331/start"},{"id":"PDA991499opt","count":9,"action":"ignore","mute":true,"action_config":false,"start":"https://users.startribune.com/placement/1/environment/3/PDA991499opt/start"},{"id":"limit","count":8,"action":"inject","mute":false,"action_config":{"template":"
rnrnrnrn
rn
rn t
rn rn
rn
rn
rn
rn
rn"},"start":"https://users.startribune.com/placement/1/environment/3/limit/start"},{"id":"nag","count":7,"action":"lightbox","mute":true,"action_config":{"height":null,"width":"630px","redirect_on_close":null,"template":"{% extends "shell" %}rnrn{% block substyles %}rn
rn{% endblock %}rnrn{% block page %}rn{#rnrn{{ limit - count - 1 }}rnrn{{ form.flow_form_open({nextAction: 'firstSlide'}, null, null, '_top') }}rn {{ form.btn('Save Now') }}rn{{ form.flow_form_close() }}rnrn
rnrnrnu2022 rnrn }}){kind=logo}
rnrn#}rn
You have {{ limit - count - 1 }} articles left
rn
rn rn u00a0u00a0u2022u00a0u00a0rn rn
rn
rn
rn  }})
rn
Over 70% off!
rn
 }}){kind=logo}
rn rn
rn
99u00a2 for first 4 weeks
rn {{ form.flow_form_open({nextAction: 'firstSlide'}, null, null, '_top') }}rn {{ form.button('Save Now', 'btn nag-btn') }}rn {{ form.flow_form_close() }}rn
rn
rn{% endblock %}rnrn{% block last %}rn{{ parent() }}rnrn{% endblock %}"},"start":"https://users.startribune.com/placement/1/environment/3/nag/start"},{"id":"x","count":4,"action":"ignore","mute":true,"action_config":false,"start":"https://users.startribune.com/placement/1/environment/3/x/start"},{"id":"multi-start","count":3,"action":"fly_in","mute":true,"action_config":{"location":"bottom_left","slide_direction":"bottom","group_id":null,"display_delay":"0","collapse_delay":"10","template":"
rn
rn u00d7rn
rn
From just
rn
$3.79 99u00a2 a week
rn Save nowrn
rn
rn
"},"start":"https://users.startribune.com/placement/1/environment/3/multi-start/start"}]};
Source link
