Latest Minnesota state budget forecast released, shows a short-term surplus of $616 million
According to the Minnesota state budget office, as of Wednesday morning there is now a short-term surplus of $616 million through 2026-2027.
Here's what legislatures have to say about Minnesota's budget forecast
Republican senators are broadly amenable to moving quickly on a budget reconciliation bill that would provide funding to complete construction of the U.S.-Mexico border wall, to… Donald Trump's election win signals changes in tax policies that could shape the financial future for middle-class Americans.
Minnesota has a projected $616M budget surplus, potential $5B deficit looming
Minnesota budget officials on Wednesday projected a modest surplus of $616 million for the next two-year budget cycle, and a multi-billion dollar deficit looming in the following years. Minnesota Management and Budget (MMB) released the state’s latest economic forecast on Wednesday morning.
Final Minnesota budget forecast ahead of legislative session to be released Wednesday
Back in February, the state budget forecast showed a surplus of $3.7 billion, but the budget office said nearly all of the surplus would be used up in the next two years if lawmakers didn't make any changes.
Minnesota’s budget forecast will dictate how next year’s legislature goes
MMB releases an updated version of the budget forecast, which lawmakers often use to craft policy decisions during the legislative session.
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