Menu Search

Minnesota Budget Outlook and Trends

planning

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

December 2013

Minnesota's future brightens, but uncertainty remains: A look at the November 2013 Forecast

A $1.1 billion positive balance means Minnesota will finish reversing past budget gimmicks. It also means policymakers can build upon the progress made in the 2013 Legislative Session and continue to invest in a prosperous future for Minnesota.

March 2013

Minnesota economy improving, but deficits continue: A look at the February 2013 Economic Forecast

Minnesota continues to face budget deficits, even though the economy is improving. The February 2013 Economic Forecast shows an improving budget outlook that reflects higher revenues and lower spending, but deficits continue for the next few years.

January 2013

Minnesota should get on a sustainable track: A look at the November 2012 Economic Forecast

Even though the economy is improving, Minnesota faces a $1.1 billion deficit in FY 2014-15 ($2.0 billion when inflation is included). Policymakers have an opportunity in the 2013 Legislative Session to end the cycle of budget deficits and quick fixes and get the state on a sustainable path.

March 2012

Surplus short-lived as deficit looms: The February 2012 Economic Forecast

Minnesota has a $323 million surplus for the current budget cycle, the FY 2012-13 biennium. These funds will be used to refill the state's budget reserve and start to reverse the school funding shift. However, Minnesota faces a $1.1 billion shortfall in the FY 2014-15 budget cycle, which policymakers will need to address when they return to session in 2013.

Budget Outlook and Trends Blog Posts

July 12, 2019

Minnesota's July Economic Update shows higher revenues, economic growth for now

The recently released July Revenue and Economic Update gave us somewhat good news about the state’s economic and budget landscape.

July 02, 2019

Raiding the state's budget reserve today could hurt everyday Minnesotans tomorrow

It’s imperative to build a strong budget reserve when the state’s economic outlook is good, and Minnesota has made laudable progress. But that budget reserve will only work if we keep it strong and only use it when it's needed.

April 17, 2019

Minnesota’s April Economic Update shows small improvements

The recently released April Revenue and Economic Update gave us good news about the state’s economic and budget la...

February 28, 2019

Minnesota’s February budget forecast reinforces the need for resources to fund the investments Minnesotans count on

Policymakers’ primary task in the upcoming legislative session will be to set a budget for the FY 2020-21 biennium, and ...