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01/11/22
Join us on 1/24: "Unleashing the Power of the Tax Code for Equity" Full Story
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12/20/21
Putting ARP dollars to work in Minnesota Full Story
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12/07/21
Historic budget forecast presents historic opportunity Full Story

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12/07/21

Historic state budget forecast presents historic opportunity

The forecast projects a $7.7 billion general fund surplus for the current FY 2022-23 budget cycle, and a $6.0 billion structural balance for the upcoming FY 2024-25 budget cycle. These projections represent a historic opportunity to make transformational changes to build a more equitable recovery.

01/14/22

Newest state revenue update affirms substantial resources are available to build an equitable recovery

The state of Minnesota’s revenue picture continues to improve, but the national economic recovery is expected to be a li...
12/07/21

Historic state budget forecast presents historic opportunity

The forecast projects a $7.7 billion general fund surplus for the current FY 2022-23 budget cycle, and a $6.0 billion structural balance for the upcoming FY 2024-25 budget cycle. These projections represent a historic opportunity to make transformational changes to build a more equitable recovery.
11/29/21

Potential state surplus could trigger reserve and tax changes

A surplus in the November forecast could trigger two actions: a change in the budget reserve, and a change in when retailers and vendors submit sales tax payments to the state.

About the Minnesota Budget Project

The Minnesota Budget Project is a research and advocacy organization that promotes policy solutions so that all Minnesotans have access to opportunity and economic well-being.

Established over 20 years ago, the Minnesota Budget Project is a nonpartisan initiative of the Minnesota Council of Nonprofits.


Economic opportunity and prosperity should be available to all Minnesotans, regardless of who they are or where they live.

Featured Research

Putting ARP to work for Minnesotans

Thanks to the federal American Rescue Plan, Minnesota state and local governments will receive about $8.5 billion in temporary resources to support workers, families, and communities. This funding is critical to the state’s ongoing fight against COVID-19 and to recover from perhaps the most unequal recession in modern history, which has disproportionately harmed low-wage workers and exacerbated racial disparities in opportunity.

Historic Child Tax Credit expansion should be permanent

The American Rescue Plan Act temporarily makes powerful changes to the Child Tax Credit that increase the credit amount and expand eligibility for the credit to include children and families who were previously left out. These changes should be made permanent.

COVID-induced recession is most unequal on record

While no income group or community has been untouched by the coronavirus, the economic recession it has triggered may be the most unequal in modern history. Underlying economic and racial disparities have been heightened, and are reflected in Americans having increasingly divergent experiences.

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