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Minnesota Budget Outlook and Trends

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The state's budget is influenced by economic conditions, and in return, state budget and policy decisions should be informed by how Minnesotans are being effected by the economy. We provide analysis of the state's economic and budget forecasts as well as research on long-term budget trends.

Research

March 2010

February 2010 Economic Forecast: Slightly better now, slightly worse later

Minnesota’s short-term budget problems have eased slightly, according to the state’s February economic forecast. Last...

January 2010

November 2009 Forecast: Continued economic woes bring more big deficits

A drop in expected revenue has created a $1.2 billion budget deficit in Minnesota’s current two-year budget cycle, FY...

December 2008

The lost decade: Taking a closer look at Minnesota's public investments in the 2000s

The Lost Decade looks closely at funding trends in four state budget areas that significantly impact the well-being of Minnesotans: early education and K-12 education, higher education, child care assistance, and affordable housing and homelessness prevention. As a result of funding cuts in these areas, many Minnesotans had fewer opportunities to succeed in school, in the workplace, or in providing a decent standard of living for their families.

September 2002

Trends in Minnesota government spending

Between 1987 and 1997 (the period of time examined by this report), Minnesota trailed the national average in terms of growth in government spending. However, state and local government investments in public services and infrastructure contributed positively to Minnesota’s economic health and quality of life. 

Budget Outlook and Trends Blog Posts

October 15, 2020

Economic update shows COVID-19’s impact, need for federal action

COVID-19 is still a major threat to the country’s health, economy, and public services we all count on. The state of Min...

October 06, 2020

Budget reserve is one tool to put people first during tough times

Every year, Minnesota Management and Budget (MMB) gives Minnesotans an estimate of what the state needs in its "rainy...

October 01, 2020

State budget process kicks off amid unusual uncertainty

Fresh pencils for back to school, shorter days, bright red maples – these are a few of the classic harbingers of fall....

August 10, 2020

Minnesota expecting continued revenue shortfalls; time for strong federal action

July brought us more sobering news about the ongoing damage that COVID-19 is expected to have on the economy, and by extension the state’s budget.