On Friday morning, state officials predicted Minnesota would have a $1.4 billion budget surplus.
With the news of the surplus, Gov. Mark Dayton and legislative leaders met behind closed doors to discuss the possibility of spending part of the surplus in a special session this month. It has been reported they are close to a deal on some health insurance premium relief, tax cuts and infrastructure spending.
Gov. Dayton has to prepare his budget plans in January, while lawmakers will use an updated budget forecast in February, to make final decisions about how much money to raise and spend in the next two years.
The surplus is good news for education — although a lot can change in the next few months.
See https://mn.gov/mmb/forecast/forecast for more information about the state budget and economic forecast.