In what many are calling one of the most consequential legislative sessions in Minnesota's history, Gov. Tim Walz and legislative leaders pulled together a last-minute $72 billion budget deal to close out the 2023 legislative...more
Strong State Budget Forecast Released -
Heading into the 2020 general election, the Minnesota Department of Management and Budget announced today the state budget forecast shows a surprisingly strong surplus of...more
$492 Million Drop for November Forecast
Yesterday, Minnesota Management and Budget (MMB) released their February budget forecast, showing a lower budget surplus than was previously estimated. ...more
Last week, the House of Representatives Republican majority announced their budget targets for the 2018 legislative session. In February the Minnesota Management and Budget projected the state to have a $329 million surplus. ...more
4/16/2018
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Educational Institutions ,
Infrastructure ,
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Mental Health ,
Public Safety ,
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State Funding ,
State Taxes ,
Students ,
Tax Relief ,
Taxation
Minnesota Management and Budget (MMB) released the 2017 November Budget and Economic Forecast. Projections show a deficit of $188 million for the current biennium, and a projected negative balance of $586 million for the...more
Minnesota lawmakers used every last minute available to them to try and complete their work prior to the deadline for the 2017 legislative session, but it was not enough time. At 12:01 a.m. early last Tuesday morning,...more
5/31/2017
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Tax Relief
The November general election obviously represents a sea change in how business will be conducted at the Minnesota state capitol when legislators return to work on January 3, 2017. House Republicans will enjoy a comfortable...more
12/12/2016
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Budget Surplus ,
Business Taxes ,
Child Care ,
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Forestry ,
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Health Insurance ,
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Tax Cuts ,
Tourists ,
Trump Administration
Minnesota's fiscal year 2016-17 revenues are now forecast to be $42.718 billion, a $90 million (0.2 percent) increase over end of session estimates. This brings the forecast balance to $1.871 billion, up from $865 million at...more