State budget forecast coming out Friday

Source: Minnesota Management & Budget

Minnesota Management and Budget (MMB) is expected to release the state’s February Budget and Economic Forecast around 11:15 a.m. on Friday, February 26.

Twice each year, MMB prepares the Budget and Economic Forecast as required by Minnesota law.

The November forecast is used to set the starting point for the budget, and is the basis for the governor’s recommendations.

The February forecast incorporates additional data and is used by the Legislature and the governor to set the enacted budget or to ensure that enacted budgets remain on track and in balance. Forecast information is also used by bond rating agencies and other financial analysts to review the state’s financial health, and by the media who present information on the state’s financial condition to the public.

For more information, visit http://www.house.leg.state.mn.us/hrd/pubs/ss/sseconfore.pdf for the Minnesota House Research Department’s “Economic Forecasts, Budget Surpluses, and Budget Shortfalls.”

Please look for more communications from MSBA regarding the budget forecast on Friday.

About mnmsba

The Minnesota School Boards Association, a leading advocate for public education, supports, promotes and strengthens the work of public school boards.
This entry was posted in budget, Budget & Economic Forecast, Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s