Category Archives: Budget & Economic Forecast

Minnesota state revenue above February forecast

According to Minnesota Management and Budget (MMB), the state’s net general fund receipts for fiscal year (FY) 2018 are now estimated to total $22.034 billion — $348 million (1.6 percent) more than projected in the February 2018 Budget and Economic … Continue reading

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Minnesota projects $329 million state budget surplus for 2018-2019

Minnesota Management and Budget (MMB) today released the 2018 February Budget and Economic Forecast. Minnesota’s budget and economic outlook has improved since November. A surplus of $329 million is now projected for the fiscal year 2018-19 biennium. The revenue forecast … Continue reading

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Report: Gov. Dayton, legislative leaders could spend part of state budget surplus during special session this month

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 … Continue reading

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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 … Continue reading

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In the black — a closer look at the state budget surplus

As we prepare for the holidays, state lawmakers begin preparation for the 2016 legislative session. The table is getting set: the budget forecast has been announced; legislative committee deadlines have been established and the pre-session posturing begins. We can’t help … Continue reading

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Minnesota’s Economic & Budget Outlook Improve

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 … Continue reading

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