Assignment 4

Assignment 4

Introduction

The paper intends to highlight the current state of Minnesota's economy, which shows the positive outlook but still not at greater extent. One of the most depth analyses of the state's economy is the upshot of state's financial budget. The state economist of Minnesota, Tom Stinson develops the forecast and discovers that there is no such change has occurred from the calculation he provided 6 months ago. Then paper also highlights the consequences of new health care legislation and its effects on budgetary planning of Minnesota.

Discussion Analysis

The economist expects that economic activity of state is quite reasonable to increase tax revenue by 93 million dollars for the fiscal years of 2012-2013. It was the great prediction but only a 1\2% gain from his preceding prediction. However, Minnesota continues to outperform the overall economy of nation, but still it is far behind the targeted assumption. The economy of Minnesota is expected to do slight better than the economical average of United States (Martin, 2012). According to St. Paul, Politically, the health care mission in Minnesota seems easy going. The political state of Minnesota battles over the federal health care law. The Capitol building is now controlled by democrats, which was founded by Mark Dayton. He firmly affirms the health care overhaul of president. DFL (Democratic-Farmer-Labor) control the Legislature that is expected to remove Republican roadblocks for completing a foundation stone of the law. The swap over is proposed to clarify the course of researching and purchasing health plans for small businesses and consumers. The officials of Administration are assigned with enforcing the federal health care law in Minnesota, which is responsible to comment in the wake of election. Sen. Tony Lourey is the highest ranking Democrat, who worked on the chief human and health Services Committee. It is one of ...