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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

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...

January 2010

November 2009 Forecast: Continued economic woes bring more big deficits

A drop in expected revenue has created a $1.2 billion budget deficit in Minnesota’s current two-year budget cycle, FY...

December 2008

The lost decade: Taking a closer look at Minnesota's public investments in the 2000s

The Lost Decade looks closely at funding trends in four state budget areas that significantly impact the well-being of Minnesotans: early education and K-12 education, higher education, child care assistance, and affordable housing and homelessness prevention. As a result of funding cuts in these areas, many Minnesotans had fewer opportunities to succeed in school, in the workplace, or in providing a decent standard of living for their families.

September 2002

Trends in Minnesota government spending

Between 1987 and 1997 (the period of time examined by this report), Minnesota trailed the national average in terms of growth in government spending. However, state and local government investments in public services and infrastructure contributed positively to Minnesota’s economic health and quality of life. 

Budget Outlook and Trends Blog Posts

January 27, 2020

January economic outlook is brighter

January's Economic Update brought us good short-term news: revenues are up, and the economy is growing at a good pace for now. However, with slower economic growth and potential for a recession on the horizon, policymakers should prioritize a strong budget reserve to be able to meet Minnesotans' needs in future tough times.

December 05, 2019

Minnesota’s November budget forecast offers some near-term good news, while pointing to the need for sustained revenues for investments

Minnesota’s budget reserve is strengthened and the state’s budget outlook gives us short-term good news, according to ...

November 07, 2019

Minnesota's budget reserve is strong, let's keep it strong

Every year, Minnesota Management and Budget gives Minnesotans an estimate of what the state needs in its "rainy day" fu...

October 22, 2019

Minnesota's October Economic Update shows good news for revenues, but the future's not all roses

The recently released October Revenue and Economic Update gave us some improved news about the state’s economic and...