Minnesota issued layoff notices late last week to 36,000 employees ahead of a partial government shutdown on July 1 if state leaders cannot resolve an impasse over a new two-year budget.

“It is a grim reminder of a deadline that is just 20 days away, and the reality of what a lack of compromise and agreement will mean not only for those thousands of hard-working state employees, their families and their communities, but also for the important services they provide to Minnesotans in every corner of our state,” Gov. Mark Dayton said in a statement.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.