Longtime Minnesota state economist Tom Stinson is retiring and will hand the reins of the post to economics professor Laura Kalambokidis in July, the Minnesota Management and Budget Department announced Monday.

Stinson has served in the role for 26 years. "Dr. Stinson has been an invaluable source of economic wisdom, sound judgment, and common sense for five administrations. He represents the very best in excellent, dedicated public service," Gov. Mark Dayton said in a statement.

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