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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

January 2002

Wasted opportunities: How we used our surpluses 1997-2001

Between 1997 and 2001, Minnesota policymakers had the opportunity to allocate budget surpluses of over $13 billion. This joint analysis with the Children's Defense Fund-Minnesota finds that over half of those surpluses went to temporary tax rebates and permanent tax cuts. Budget-balancing decisions should be informed by how surpluses were used in the past and how certain programs were underfunded even in times of plenty.

Budget Outlook and Trends Blog Posts

March 02, 2021

Budget forecast shows welcome news but Minnesota needs resources for an equitable future

The state’s new budget projections give the latest on the continuing impact of the pandemic, and a preliminary sense of ...

January 21, 2021

January economic update shows some improvement

The state’s economic picture has improved compared to the November forecast, but COVID-19 and the economic fallout are still hurting many Minnesotans’ health and economic stability, according to the state of Minnesota’s recent January Revenue and Economic Update.

December 18, 2020

A deep dive into budget forecast: what it does and doesn’t tell us

Minnesota isn’t sustainably bringing in enough revenues to fund its current commitments, which is showing up in a projec...

December 01, 2020

November forecast notes challenges but Minnesota can draw on resources so we can care for each other

The state's budget forecast highlights that improved state revenue figures are not necessarily tied to better well-being for everyday Minnesotans.