FY2014-15 Projected Balance Rises to $1.233 Billion
Statement from Minnesota Management and Budget Commissioner Jim Schowalter
The February budget and economic forecast shows a positive balance of $1.233 billion for fiscal years 2014-2015. This is an improvement of $408 million from the November budget forecast.
Since November, revenue projections have increased by $366 million and spending projections have decreased by $48 million. Other adjustments account for the difference. The 2016-17 structural balance is projected to be $2.599 billion.
February 2014 Budget & Economic Forecast Facts:
- At a Glance: http://mn.gov/mmb-stat/reports/glance.pdf
- Highlights: http://mn.gov/mmb-stat/reports/complete.pdf
- Press conference handout: http://mn.gov/mmb-stat/reports/handout.pdf
- Supporting documents: http://mn.gov/mmb-stat/critical.html
Session Daily: State budget surplus grows by $408 million: http://www.house.leg.state.mn.us/SessionDaily/SDView.aspx?StoryID=3983