Minnesota Budget Plans

The state of Minnesota's budget determines what resources are available for everything from schools to health care to parks to transportation.

Understanding the budget proposals that are on the table, as well as what ultimately gets passed into law, is essential information you can use to become involved in influencing budget decisions. We analyze full budget proposals, as well as proposals on key components of the budget, from the governor and legislative bodies, emphasizing public services that expand opportunity and economic security to more Minnesotans.

Research

June 2012

2012 Legislative Session: Modest budget changes, little progress on sustainably funding our future

The 2012 Legislature adjourned after making small changes to the budget, primarily in K-12 education, health and human services, and taxes. Policymakers did not take up proposed constitutional budget amendments that threatened the state's future. The 2013 session presents an opportunity for the Legislature to address the challenge of finding sustainable ways to fund the state's priorities.

April 2012

'98 Percent' constitutional amendment creates barriers to common-sense budgeting

A proposed constitutional amendment creates a series of restrictions on policymakers' ability to make budget decisions that meet the state's needs and respond to changing circumstances. The proposal limits appropriations and spending to arbitrary levels and triggers tax cuts without regard to the state's current situation.

March 2012

Governor Dayton's FY 2012-13 supplemental budget focuses on small adjustments

Governor Dayton is proposing relatively minor adjustments to the state's current FY 2012-13 budget in his 2012-13 Supplemental Budget. The Governor reverses some of the cuts made to health and human services in the current budget, and increases funding for jobs and economic development, and veterans' benefits.

February 2012

Supermajority requirement would limit financial flexibility, risking Minnesota's credit rating

Requiring a supermajority vote in both the House and Senate to raise taxes would raise concerns among credit rating agencies about the state’s financial flexibility and creditworthiness. A downgrade of Minnesota's credit rating could lead to higher costs to maintain our infrastructure.

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Minnesota Budget Plans Blog Posts

April 16, 2024

Latest economic report shows Minnesota revenues coming in above forecast

Minnesota’s revenues are up, and the near-term national economic outlook is slightly improved compared to the February forecast, according to the new April Revenue and Economic Update from Minnesota Management and Budget. Here are some of the Minnesota Budget Project's top takeaways from the update, including what this might mean for budget and tax decisions this legislative session.

April 03, 2024

Joint state budget targets set for 2024 Legislative Session

Governor Tim Walz reached an agreement with House Speaker Melissa Hortman and Senate Majority Leader Erin Murphy on budget targets on March 22. The agreement outlines targets of $478 million in net general budget changes, including increased spending or reduced revenues, for FY 2024-25 and $63 million for FY 2026-27. The joint budget targets also set the parameters for final budget negotiations between the House, Senate, and the governor.

March 26, 2024

Governor Walz’s supplemental budget proposal lays out his priorities

Governor Tim Walz released his governor’s supplemental budget proposal. The administration described the priorities for his budget as safe communities, clean drinking water, and support for children and families. At the Minnesota Budget Project, we were thrilled that one of our top priorities was included in the governor’s supplemental budget: resources to implement advance periodic payments of the Child Tax Credit. In total, Walz proposed $200 million in net general fund spending increases and revenue reductions in FY 2024-25 and $27 million in FY 2026-27.

March 23, 2023

Early agreement on state budget targets outline use of the surplus

On Tuesday, the Minnesota House and Senate leadership and Governor Tim Walz released joint budget targets that lay out ...

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