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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

December 2011

Surplus now, deficit later: A look at the November 2011 Economic Forecast

Minnesota has an $876 million surplus, but is facing a $1.3 billion deficit in the next budget cycle. How policymakers address these challenges will have a major effect on the state's economic future.

March 2011

Minnesota's forecast improves, but deficits continue: A look at the February 2011 Forecast

Minnesota's financial picture has improved slightly since November, with the state's budget deficit falling from $6.2 billion to $5.0 billion for FY 2012-13. The state's economy, however, continues to improve at a slow pace and unemployment levels aren't expected to improve until 2014.

January 2011

Minnesota faces slow recovery and a big deficit: A look at the November 2010 Forecast

The state’s latest economic forecast projects a deficit of $6.2 billion for the upcoming FY 2012-13 biennium, or 16 percent of the general fund budget. The prolonged economic slowdown and heavy reliance on short-term budget solutions have both contributed to the state's current budget troubles. The forecast continues to project slow economic growth for the state.

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...

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 ...