Category Archives: Budget & Economic Forecast

State projects $1.54 billion surplus for 2020-2021

Minnesota Management and Budget (MMB) today released its 2018 November Budget and Economic Forecast — which projects a $1.54 billion surplus for the state’s budget for fiscal years 2020-2021. According to MMB: Minnesota’s budget and economic outlook remains sound, despite … Continue reading

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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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